BTCUSD is at a critical area in which I see lower pricing being the outcome. The $44090.00 should be the first target if we see lower pricing, and $28700.00 being the second target. $64900 is the area that will neutralize this idea.
Comment:
First target ($44090) hit, scaled out 60% of my positions. I see more selling pressure coming in to get down into $40290.00
Comment:
Took 30% profit off the table, will slowly scale out the 10% I have on this trade. Target 2 is been hit.
Bitcoin has lost half its value now, from $64k to $32k.
Selling pressure may continue to $25k otherwise I am neutral on it, will manage my last 10%
Bitcoin has lost half its value now, from $64k to $32k.
Selling pressure may continue to $25k otherwise I am neutral on it, will manage my last 10%