In my last idea, I wanted BTC to push lower after it had hit my resistance level at 26.6k
This level offered a 10% drop, pretty strong indeed, but the idea didn't follow through.
Now I'm looking at this resistance area, all the way from 28k to 32k
The levels are all marked on my chart so I won't bother mentioning them here, I'll talk about my view on this move.
I would like BTC to top out before reaching 30k, somewhere around 29k.
If we push higher it's no problem, but I'll just be more careful shorting (except if we see a lot of longs opening).
For people being worried they missed the bottom, I personally don't believe BTC has bottomed yet.
Even if it did, don't worry, BTC always offers nice drops so don't rush into any longs, wait for a better opportunity.
The most important thing is not to FOMO into any longs here.
In my opinion it's a short or no trade area.
Any questions?
Good luck traders
Remember not to break your rules
Habib
This level offered a 10% drop, pretty strong indeed, but the idea didn't follow through.
Now I'm looking at this resistance area, all the way from 28k to 32k
The levels are all marked on my chart so I won't bother mentioning them here, I'll talk about my view on this move.
I would like BTC to top out before reaching 30k, somewhere around 29k.
If we push higher it's no problem, but I'll just be more careful shorting (except if we see a lot of longs opening).
For people being worried they missed the bottom, I personally don't believe BTC has bottomed yet.
Even if it did, don't worry, BTC always offers nice drops so don't rush into any longs, wait for a better opportunity.
The most important thing is not to FOMO into any longs here.
In my opinion it's a short or no trade area.
Any questions?
Good luck traders
Remember not to break your rules
Habib
