forex-teacher

Bitcoin crash / fat finger - second leg sell off imminent ?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is still trading inside the 5 week rectangular range 30k-41k and likely to continue for few more weeks so that the frustration tactics of algos accomplish / Early investors stop hunts . Like we said few weeks back, there is an inevitable possibility of a heavy second leg sell off / stop hunt / fat finger formations from the big players . Hence , it is better to be patient for few more weeks and definitely retailers will get even cheaper price around 20K or slightly below that level for investing long term.

Trend : Range
Signal : Waiting mode /pending long orders around the price 20k -14k
Target : Long term

Intra day - Scalp inside the 30-41k range with a tight stop loss / stop orders

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