Manipulations
bitmex whales did good move by liquidating all high leverage longs .. which i warned about it before .. in this kind of markets you cant use high leverage..
this dump just hit the support channel as we see on chart ..
50 EMA already crossed over the 200 EMA and retesting it again ..
btc still in the uptrend channel and breaking it at 3730ish will cost btc a big move down to the next fib points between 0.5 and 0.618 fibs as shown on chart .. 3650/3542 areas
so longing scenario would be fine if u start laddering it from the uptrend channel which pointed on chart to the way down to 0.618 and stop your loss under 3500ish
shorting now dangerous ,. im still waiting a pullback and im fully bullish on btc .. just don't use high leverage 5x maximum
good luck guys
bitmex whales did good move by liquidating all high leverage longs .. which i warned about it before .. in this kind of markets you cant use high leverage..
this dump just hit the support channel as we see on chart ..
50 EMA already crossed over the 200 EMA and retesting it again ..
btc still in the uptrend channel and breaking it at 3730ish will cost btc a big move down to the next fib points between 0.5 and 0.618 fibs as shown on chart .. 3650/3542 areas
so longing scenario would be fine if u start laddering it from the uptrend channel which pointed on chart to the way down to 0.618 and stop your loss under 3500ish
shorting now dangerous ,. im still waiting a pullback and im fully bullish on btc .. just don't use high leverage 5x maximum
good luck guys