Currently still in my bearish entry trade at $41.5K and holding at 21% Profit….I have very little reason to exit this position unless BTC breaks the current resistance and retests for confirmation. Virtually zero profit loss if trend turns bullish. I only trade dramatic movements and Exit when the trend hits the maximum momentum, then automatically switch trend trade positions.
To anybody not in a position currently: The only trade that makes sense it to go Long……From this point, you have very little to lose and technically we have more range bound movement to come….which means BTC should go up to the $41-$42K before consolidating back down….
On chain data shows the majority of liquidations for BTC have now changed from Longs to Shorts meaning this is NOT the time to go Short….You will be liquidated….70.5% of BTC holders are not looking to sell right now. Keep that in Mind. The whales are buying at $28-$38K and +$50K levels. Everything in between is market maker shaking out retail investors during the final phases of this Accumulation Phase.
My next move is to exit my bearish trade position if BTC uptrends to top of range ($41K) and then WAITING for BTC to reverse, retest $41K and Enter then and only then. Target Take Profits: $20.5K - $30.5K - $32.5K - $37.5K ….. If you haven’t checked out Pionex trading bots it’s worth your time.
In Conclusion, it doesn’t ever hurt to buy Bitcoin. Be proud to own it regardless of price, this is history in the making. Proud to be within the community. Like and Comment Below!
To anybody not in a position currently: The only trade that makes sense it to go Long……From this point, you have very little to lose and technically we have more range bound movement to come….which means BTC should go up to the $41-$42K before consolidating back down….
On chain data shows the majority of liquidations for BTC have now changed from Longs to Shorts meaning this is NOT the time to go Short….You will be liquidated….70.5% of BTC holders are not looking to sell right now. Keep that in Mind. The whales are buying at $28-$38K and +$50K levels. Everything in between is market maker shaking out retail investors during the final phases of this Accumulation Phase.
My next move is to exit my bearish trade position if BTC uptrends to top of range ($41K) and then WAITING for BTC to reverse, retest $41K and Enter then and only then. Target Take Profits: $20.5K - $30.5K - $32.5K - $37.5K ….. If you haven’t checked out Pionex trading bots it’s worth your time.
In Conclusion, it doesn’t ever hurt to buy Bitcoin. Be proud to own it regardless of price, this is history in the making. Proud to be within the community. Like and Comment Below!