Hello
I have been bullish from 50500-52200 zone, but decided to sell what I bought at that zone again.. here at 53000-54000.
And re-accumulate half.. at 50500-51000.
Reason is that a double bottom is very likely, looking at blue squares. From here it could go up again, the pattern is kind of equal.
What is making me more bearish in this case is the red line retest: Confirming global trendline.. it looks bearish. Means I just made my wallet contain more stablecoins than crypto, preparing for a leg down again.
So I am accumulating some at 50500-51000, but if it breaks.. I don't matter too much. My general biggest buy zones are at 41k zone, 46k zone (fibonacci) and 30--35k zone (Historical resistance, after a big BTC "crash")
These don't show on the current charts.
A short from 53000-54500 (some wick protection) seems good.. and you can keep SL close in case it does break through. Good setup considering Risk vs reward!
I have been bullish from 50500-52200 zone, but decided to sell what I bought at that zone again.. here at 53000-54000.
And re-accumulate half.. at 50500-51000.
Reason is that a double bottom is very likely, looking at blue squares. From here it could go up again, the pattern is kind of equal.
What is making me more bearish in this case is the red line retest: Confirming global trendline.. it looks bearish. Means I just made my wallet contain more stablecoins than crypto, preparing for a leg down again.
So I am accumulating some at 50500-51000, but if it breaks.. I don't matter too much. My general biggest buy zones are at 41k zone, 46k zone (fibonacci) and 30--35k zone (Historical resistance, after a big BTC "crash")
These don't show on the current charts.
A short from 53000-54500 (some wick protection) seems good.. and you can keep SL close in case it does break through. Good setup considering Risk vs reward!