As we all know, investors are panicking, which is driving SPX and OIL to see insanely low prices. Those panics are not exclusive to the main markets, I believe that crypto will follow soon.
Bitcoin remains around 5k, and it might for another couple of days before I believe we will see another major panic sell. We are definitely in a bearish market right now and it would not make much sense for bitcoin to be bullish.
I would advise you to trade with lower amounts of money and use leverage wisely as these times are really uncertain and markets can either dump or rally at any day, we can only try to assume the future but we will not be able to predict, for that reason, I will ask everyone to remain reactive to the markets and if you have a position open please continue monitoring the major indicators and reading the news, as anything can happen now.
Bitcoin remains around 5k, and it might for another couple of days before I believe we will see another major panic sell. We are definitely in a bearish market right now and it would not make much sense for bitcoin to be bullish.
I would advise you to trade with lower amounts of money and use leverage wisely as these times are really uncertain and markets can either dump or rally at any day, we can only try to assume the future but we will not be able to predict, for that reason, I will ask everyone to remain reactive to the markets and if you have a position open please continue monitoring the major indicators and reading the news, as anything can happen now.
Comment:
As we did not get any confirmation I have not entered the trade.