Liquidity & Markets - Time to Long (Key Levels) - BTC
Hello All,
If you follow me on twitter twitter.com/3L3C70 you would know I am pretty bullish overall now. We saw two nice rejections below 7 k. We have broken downtrend & are now recovering from the rally we just had. Key levels are marked where I expect us to start going back up from. If you follow me on twitter you would have seen this about to break down and hedged with $BCH and made out profits even if you were long on bitcoin. This is why you need to always properly hedge your positions. Thankfully bitcoin this time gave us all the indications of a dump before the actual dump and BCH over performed on the dump as it did during the pump.
From the longs vs shorts ratio we can see a lot of shorts took profit I expect some more to close in the 7800-8200 range (if we get these). 18hr and 12hr golden crosses are trying to cross bear again, but until they do, going long is probably the safest bet here.
If you follow me on twitter twitter.com/3L3C70 you would know I am pretty bullish overall now. We saw two nice rejections below 7 k. We have broken downtrend & are now recovering from the rally we just had. Key levels are marked where I expect us to start going back up from. If you follow me on twitter you would have seen this about to break down and hedged with $BCH and made out profits even if you were long on bitcoin. This is why you need to always properly hedge your positions. Thankfully bitcoin this time gave us all the indications of a dump before the actual dump and BCH over performed on the dump as it did during the pump.
From the longs vs shorts ratio we can see a lot of shorts took profit I expect some more to close in the 7800-8200 range (if we get these). 18hr and 12hr golden crosses are trying to cross bear again, but until they do, going long is probably the safest bet here.
Comment:
Same chart ... just Weekly TF
Comment:
Weekly
Trade active:
should make it to 8750
Comment:
7100 - 7600 looks like bounce now.
Comment:
Buying op of the century coming up at 7600.
Trade active:
buys all the way down to 6800 (if it ever gets there)