BTC Longer Term Trade Ideas
BTC is at an interesting spot at the moment and it is important to zoom out. On the smaller time frames, BTC has been in a downtrend for several weeks, but the longer term uptrend will be more important. If BTC does break below 
59K, there's a major trendline below it may bounce at around 53k depending on when it hits. That could be a good long opportunity, I also have demand from about 
48K-52k. If BTC can't hold above that, the next target is the trendline below. Things get really ugly if that gives.
59K, there's a major trendline below it may bounce at around 53k depending on when it hits. That could be a good long opportunity, I also have demand from about 48K-52k. If BTC can't hold above that, the next target is the trendline below. Things get really ugly if that gives.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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