EhhEhhRon

BTC Support Fast Approaching (Careful if leveraged)

Long
COINBASE:BTCUSD   Bitcoin
Micro and Macro support at 45k.
I believe we're more likely to bounce up at 45k due to the importance of this level on a macro scale (see previous analysis). I'm going long here however the possibility of a fake out seems high. If you're a nervous wreck, you might wait for the daily candle to close before entering any trades.

Overall not a good level to take any leveraged shorts/longs at.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.