The liquidation on the exchange bring us below 57K, but it is a small pull back for the liquidation of longs in exchanges, as it happened most of the time.
Key Watch outs
- Unless we drop below 54K, we are ok to move forward
- Below 54K or below 52K can bring us to visit 42K level
- Breaking 60K with a volume is key, but be cautious on 60.6K (double top scenario), 64-65K 1st Target, 70K is less likely hood 2nd target. Those targets are still valid.
Other points to be cautious for %35 pull back
- Most Alts have reached their ATH
- BTC.D 56.5 level has strong resistance, which needs to trigger BTC.D upper move while BTC falling, then we can have strong alt season (Max fall down scenario of btc is 2-3 weeks)
- USDT Outflow from exchange may trigger that BTC strong pull back is close
-PI CYCLE hype, which will be tomorrow can trigger strong pull back, which I don't think that 60K is market top
- RSI Bearish divergence
- DXY is getting stronger, which will effect BTC to go down side as pull back
In the long run I believe 95K is the minimum level we will reach in that Bull run.
So having solid plan to manage risk in your portfolio is a must in that situation.
I have % 50 in Crypto, % 50 in USD (which I liquidated at 59K Level) to manage the risks. If we go up above 60K, I will jump in the train up to last station.
Key Watch outs
- Unless we drop below 54K, we are ok to move forward
- Below 54K or below 52K can bring us to visit 42K level
- Breaking 60K with a volume is key, but be cautious on 60.6K (double top scenario), 64-65K 1st Target, 70K is less likely hood 2nd target. Those targets are still valid.
Other points to be cautious for %35 pull back
- Most Alts have reached their ATH
- BTC.D 56.5 level has strong resistance, which needs to trigger BTC.D upper move while BTC falling, then we can have strong alt season (Max fall down scenario of btc is 2-3 weeks)
- USDT Outflow from exchange may trigger that BTC strong pull back is close
-PI CYCLE hype, which will be tomorrow can trigger strong pull back, which I don't think that 60K is market top
- RSI Bearish divergence
- DXY is getting stronger, which will effect BTC to go down side as pull back
In the long run I believe 95K is the minimum level we will reach in that Bull run.
So having solid plan to manage risk in your portfolio is a must in that situation.
I have % 50 in Crypto, % 50 in USD (which I liquidated at 59K Level) to manage the risks. If we go up above 60K, I will jump in the train up to last station.
