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FX_Crypto_Trader
Mar 26, 2021 11:34 AM

Bitcoin Indecision Long

Bitcoin / U.S. dollarBitstamp

Description

Last time analyzing Bitcoin we saw price getting squeezed into a corner. I wished for price to drop below, and that's exactly what we got. But price hasn't dropped as far as I would like to buy from yet. We saw a few impulsive bearish candles drop through, and now we have a bullish retracement candle. Could this be a break and retest of the demand zone? I'm hoping so, as I would really like to buy from the strong demand zone below. Let me know your thoughts below. GLIYF
Comments
EZIO-FX
Nice set up.
dmas1000
Do you not think once options expire this could take a lot of the risk out of the market and lead to a surge in price? Or do you think potential futures at end of the month mean that we aren’t out of the woods yet
sl000
I would buy at 51/50/49k one third of budget, 48/40k two third of budget. Sell at above 59 to 62k, 1 third above 65k the rest
Mizo_Mizo
@sl000 or sell below 45!
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