📉 Bitcoin Daily 📈
It amaze me, how many people read my forecasts and still ignore them. I wrote that $BTC will dip to cover last week's buy tail, but everyone was surprised when it did. I wrote that when BTC dominance pump to 57.2-58% it is a chance to buy alts dips, yet I see many in panic instead of using that alarm to buy those dips 🤦🏽♂️
We are trading volatile market. Dips and pumps will happen in any market state. The only difference is how aggressive you are in buying them and how greedy you should be when taking profits. We were still in bull market, so you should be aggressive with buying the dips (at least when alarm indicates that it is the best possible moment to do so).
Not so clear with taking profits now. Maybe worth being less greedy till #BTC settle above Daily 20sma. At current stage I prefer to close Futures faster, while holding spot through uncertainty period in hope for another swing up. From these entries they are safe and will be easy to exit at breakeven if market reverse.
So far I expect #Bitcoin to bounce to ~99k (which is also range within long sell tail). The rest I won't try to guess. Nasdaq might be pulling back to cover the gap, so while it does, crypto will be under short term bearish influence. After that move we will see.
Nearest liquidity pools:
above - 98433 / 98813 / 99480 / 99763
below - 96342 / 95297 / 93967 / 93016