ya boi just learned trend based fib retracements and i was practicing on a coinbase chart for BTC and saw this.
..so yeah.
short into long might be a good play here, however the price is respecting that trend line that a lot of people are looking at...
So in other words. The market is exactly at a point where reckless longs and shorts will get absolutely R E K T. If you play these levels be careful, set your stops near previous local highest highs and lowest lows (depending on your trade. local highs for shorts, local lows for longs.)
set a buy order somewhere around 6977 for potential fun times for the next week
6950 if you're trying to 100x catch a knife/be a hero (not recommended)
6890 super safe for liq's super greedy for a buy, you may get missed. OR you may have bragging rights for the next year.
Don't listen to me at all if you have any doubt whatsoever in what i'm saying.
Trade your plan, and, once you're in it stick to it.
much love.
don't get rekt.
..so yeah.
short into long might be a good play here, however the price is respecting that trend line that a lot of people are looking at...
So in other words. The market is exactly at a point where reckless longs and shorts will get absolutely R E K T. If you play these levels be careful, set your stops near previous local highest highs and lowest lows (depending on your trade. local highs for shorts, local lows for longs.)
set a buy order somewhere around 6977 for potential fun times for the next week
6950 if you're trying to 100x catch a knife/be a hero (not recommended)
6890 super safe for liq's super greedy for a buy, you may get missed. OR you may have bragging rights for the next year.
Don't listen to me at all if you have any doubt whatsoever in what i'm saying.
Trade your plan, and, once you're in it stick to it.
much love.
don't get rekt.