There is so much good options. Now is the time for look long positions.
There is none right now at the moment, but so many different setups coming.
if scalping is your thing, then weak support is good spot to scalp but you need to take fast exit because there is high liq zone below, and whales are going to move price there soon or later.
If daytrading is your thing, under the weak support level, there is high liquidity zone and tons of stop loss level waiting. So if BTC break down that level, we will see spike down. But it is not sign to short, it is manmade spike and price will come back up fast.
but because of the zone is so big, stop loss level need to be very low, and if you want to play safe stop loss needs to be as low as at 34 400 because it is possible that we spike there.
we are at very greedy bullish market so remember that fast downspikes are always part of the game. "if nobody sell everybody wins", yes, that is exactly how economy doesn't work, and how is that even possible, who pays the wins if everybody wins - for every winner there must be a loser.
My plan is to take those orders with small bet and wait for downspike and confirmation for new low, then bet big.
There is none right now at the moment, but so many different setups coming.
if scalping is your thing, then weak support is good spot to scalp but you need to take fast exit because there is high liq zone below, and whales are going to move price there soon or later.
If daytrading is your thing, under the weak support level, there is high liquidity zone and tons of stop loss level waiting. So if BTC break down that level, we will see spike down. But it is not sign to short, it is manmade spike and price will come back up fast.
but because of the zone is so big, stop loss level need to be very low, and if you want to play safe stop loss needs to be as low as at 34 400 because it is possible that we spike there.
we are at very greedy bullish market so remember that fast downspikes are always part of the game. "if nobody sell everybody wins", yes, that is exactly how economy doesn't work, and how is that even possible, who pays the wins if everybody wins - for every winner there must be a loser.
My plan is to take those orders with small bet and wait for downspike and confirmation for new low, then bet big.