Bitcoin looks to test the bottom of our channel once again at around 54k and declining. Below that we have our 50 week moving average at 53.3k. It is possible that the bears make one more attempt to provide a solid kiss to our neckline at 48.4k. These are your levels of support.
As such I have removed all stops from my current positions. This is probably simply another long liquidation event and it is more than annoying. I don’t want to play that game and will sit the sidelines here until the MMs are done.
As such I have removed all stops from my current positions. This is probably simply another long liquidation event and it is more than annoying. I don’t want to play that game and will sit the sidelines here until the MMs are done.
Nota
Bottom of the channel. Will it hold?Nota
Now at 50 week moving avg. 48.4k next?
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Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.