BTC for god sake, its the level where we decide sir.
if it want to drop, this is the level
deviation or break lower, this is the point to meet in the middle between long to 27.4 to 28.4k and short back to 24k
tight stop loss if you want to
deviation or break lower, this is the point to meet in the middle between long to 27.4 to 28.4k and short back to 24k
tight stop loss if you want to
*Bitcoin is back at 30k.*
Moving up 3k in the last 36 hours. I’m very surprised seeing the move going so high. I expected 26.8k and then 27.4k, but 30k is way above these targets. It’s very interesting seeing how impulsive this move up has been until now. **However, most important question is does it have strength to keep going more? I don’t think so. **
I'm planning shorting Bitcoin. Again. Dominance is rising, so money is flowing out from altcoins, therefore a couple of ALTS will also give good opportunities. Why looking for shorting ? *Because TOO many expect 35k and 40k*. What if the market never reaches these levels. We spend already 100 days between 26-30k. What if at 31-32k euphoria returns again and the market rug pulls once again ?
I know. Lots of speculation, but I do NOT trust this move up. I bought Bitcoin in March at 19k and 20k. This is where I saw opportunity. Here *at 30k I don’t see it. It could go to 35k. It could go to 40k. I don’t care. What matters to me is to buy during **MAXIMUM fear.* If I have to wait couple more weeks, so be it. I can wait.
Patience will be PARAMOUNT next. On each move up higher many will feel like they are missing the opportunity of a lifetime. They will FOMO at 30, 31k or even 35k. For me these levels are too** OVERVALUED** for accumulating a position.
*The Plan:* ***It’s a bit early for shorting the pump yet. Lots of volume starts coming in here and the market hasn’t stopped it’s bullish momentum yet. I’ll wait until tomorrow and Friday to see how the price action evolves. I see a GOOD opportunity shorting Bitcoin around 30-32k. People are euphoric so expected the market to STAY IRRATIONAL longer than investors can remain solvent. ***