ridethepig | XBT Market Commentary 2020.02.13

GEMINI:BTCUSD   Bitcoin / U.S. Dollar
A quick short-term update here with another storm of risk coming our way for the weekend. This time it will damage the late crypto buyers with a correction. We have already had intense orders and impressive sizings seen in Tokyo and before the NY open.

A real risk of a healthy pullback as that ridge of high pressure from Coronavirus spillover effects enter into play once more. In any case this will be a buying opportunity and we will update the short-term flows as we go if there is enough interest.

In any case a good opportunity to take some longs off the table and those sharp enough can ride the profit taking in a -5% leg cooking to the downside. As usual thanks for keeping the support coming with likes, comments and etc!
Trade active
Trade closed: target reached: 9880 TP1 Hit!
Trade closed: target reached: Actively buying the dip this week... a flawless weekend bounce in BTC to shake out soft retail hands.

Related Ideas


What is the NY and Tokyo offer?
@LARC, nice work btw.
Tokyo and NY offer, very good insight ;)
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