- dxy going up.
- ? Weekend incomin soon. Dont use anything more than 2x to trade this shite. Its moving like a bullet - High leverage will get you rekt.
- Play it safe, Use the weekly 200 as a guiding point, It broke the 5.8k support last week.
- Don't trade this more than 1-2x. You will get rekt.
Markets can remain irrational for long time, so if for any reason weekly closes above 200 sma that would be your exit signal.
The black line is the longer term downtrendline - which price has failed to break in the daily.
Have a 1 or 2x short position at these 6.2k - 6.3k levels. Take off position if 6.4k resistance falls.
However, If bitcoin breaks the blue trendline in the above chart - you can manaage your risk and position sizing based on that.
Eagerly waiting for weekly close which is going to be very interesting!.
Have a good weekend everyone, Don't use high leverage, dont get rekt!
Decision point soon
- weekly closes today.
- Possible resolution of the trendline as well.
watching the 6400 level, if it breaks i will take short position off and likely flip bias.
Not shorting this again till price breaks trendline tbf.
Markets can remain irrational and can rekt anyone who gets overconfident.