Bitcoin BTC Still in sell mode. Sell around $12,500
Still like it long-term, but I don't like risk reward here.
If I had any, I'd sell on the touch of the blue trendline. In the 12,500-12,800 range.
I'm looking to reload and get long again later, but think we get a better spot lower.
Long-term still super bullish, so it might try surprise me to the upside, no big deal. But trading the 4-hour charts has been working. Sentiment got too frothy this week and needs to be hit.
If I had any, I'd sell on the touch of the blue trendline. In the 12,500-12,800 range.
I'm looking to reload and get long again later, but think we get a better spot lower.
Long-term still super bullish, so it might try surprise me to the upside, no big deal. But trading the 4-hour charts has been working. Sentiment got too frothy this week and needs to be hit.
Trade active:
My sell area was respected - couldn't even quite get there, which is a sign of weakness. Multiple resistance levels are now building.