What happened last week is all coz the trading liquidity and the circuit breaker. The design of BTC is all made for prevent inflation, so just wait for all markets recovery from panic. DO NOT ALL IN AT ONCE!!!!!!
Yesterday we stop-loss at 8300. Now we try to re-entry for another shot
We would face the inflation after interest rate move down and US 10y bond interest under 0.7%. This is what BTC made for, In case of the world Economic goes down. So mid-term buy long range with 8700-8400.
Would place a try order to short tesla at 900-850. The factory in China would effect the capability forecast of last year. Traget price would be 700 at this moment.
Log for buying range.
BITMEX:XBTUSD The reason I’d like to buy in this range is that price now is 50% from the highest price at 129000. Yesterday the price recover from 6500 to 7200 in very short time. Let’s wait and see if there was the support in 6200-6500.
Last month we set the short target would be short to 7500. Now we are here. If the market still weak, next target would be 6500~6000
If 8200 can’t hold at the moment, then next target would be 7500.
For now BTC down to 8500, It might still down to 7500
Log my trade here