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BillCharison
Oct 21, 2020 11:52 AM

#BITCOIN - What Will We Do IF .... ? 

Bitcoin / United States DollarCoinbase

Description

We've closed our SHORT position at $11500 point in break even zone and didn't open any position since this time. Now is too early as well.

Reason — opening LONG is still too risky. Yes, the ascending channel was broken upwards, but we still have a strong resistance zone between $12400 - $12500. Probability of huge red candle from this area still exists and it is not very small.

We will open LONG position with x10 leverage and buy more Bitcoin for a spot wallet if we see that Bitcoin takes hold above the $12500 level. Don't be greedy.
Comments
MartyBoots
Bitcoin Bull Market
MartyBoots
Good worj
Totalfreedom1
People should only buy Bitcoin on the dips and hodl. All day traders are at risk of getting rekt especially who shorts Bitcoin.
ProjectSyndicate
thank you for the heads-up. setup looks good.
do you think we will pullback off the strong S/R level overhead now?
MichielVan_Kets
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