Going to keep this very simple.
BTC is extremely bullish.
Anyone looking to place a SHORT position, and is expecting high returns will get wrecked.
Past few days anywhere below $50,000 would have been premium area to buy.
Looking at the previous red daily candle the price had bounced around from 51,000 - 53,000
Currently we are way past this level, and now were near 56,000 level. If we come to retest trend support we may see a bounce off around 52,000 area.
51,000 - 53,000 would be the best POTENTIAL entry level for anyone who is waiting to get in.
Over leveraged traders will be shaken !
BTC is extremely bullish.
Anyone looking to place a SHORT position, and is expecting high returns will get wrecked.
Past few days anywhere below $50,000 would have been premium area to buy.
Looking at the previous red daily candle the price had bounced around from 51,000 - 53,000
Currently we are way past this level, and now were near 56,000 level. If we come to retest trend support we may see a bounce off around 52,000 area.
51,000 - 53,000 would be the best POTENTIAL entry level for anyone who is waiting to get in.
Over leveraged traders will be shaken !
