This area (yellow) still offers the best possibility of a bounce for Bitcoin.
$35700 is the last place to bet on! below $35000 is light out for the market and I believe sweeping the $29000 lows is imminent.
So please be patient with opening a new position, my advice for you is t wait for Bitcoin to flip $39500 as support once again.
I was long yesterday from $37000 but I cut my position as soon as I heard the news regarding the Russia and Ukraine political problems.
1. if you want to enter a long position: wait for Bitcoin to flip $39500
2. if you haven't entered any short position as of now, please don't bother and stay aside
3. if we lose $35000, brace yourself for a possible move towards $29000
4. if you are so stubborn with opening a short position, your sl should be at $39500 if you ask me
$35700 is the last place to bet on! below $35000 is light out for the market and I believe sweeping the $29000 lows is imminent.
So please be patient with opening a new position, my advice for you is t wait for Bitcoin to flip $39500 as support once again.
I was long yesterday from $37000 but I cut my position as soon as I heard the news regarding the Russia and Ukraine political problems.
1. if you want to enter a long position: wait for Bitcoin to flip $39500
2. if you haven't entered any short position as of now, please don't bother and stay aside
3. if we lose $35000, brace yourself for a possible move towards $29000
4. if you are so stubborn with opening a short position, your sl should be at $39500 if you ask me
Comment:
This was my original insight
Comment:
FVG explained !!!!
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