bwy

Bitcoin likely going to $52k support

Short
bwy Updated   
INDEX:BTCUSD   Bitcoin
Bitcoin is likely falling to the last support at $52k. This is healthy for the uptrend to continue as the excessive leverage and over confidence needs to be taken out, before trying for new highs. 52k is likely a good buying zone for an attempt at the newly formed downtrend line back up near where prices are currently (~65k).

Good luck!
Trade closed: stop reached:
This idea's busted. Looks like $91k next
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.