ActionBronson

BTC - Hedged, Then LONG

BITSTAMP:BTCUSD   Bitcoin
Completely hedged at this point, waiting to see what market does. We are completing wave C of ABC correction, question being where we land (which is deduced off volume profile).

The levels I like for re-entry are 27k, 25k, and 21k (in order of probability). 21k is max pain; 27k is most likely target and where I will buy spot BTC
Comment:
Expecting another leg down, Still hedged... Market is way too choppy and generally speaking, if buyers don't step in, we will most likely have a leg down.

We are technically in a downtrend; Not talking macro; Macro everyone is bullish

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