Even though there has been some sideways movement over the past couple of days we can still see from the very low volume that the bears are still in control and outweigh the bullish sentiment by some margin.
I believe that we wont start to see any really strong support for the bulls until we hit 5K.
Because of the spread that is on eToro I have set my SHORT positions to cash out on some of them at 6.2k to then reopen on the bounce off the 6k mark and then the others wont cash out until we see 5.2k or there and there about.
As always I am a ‘put my money where my mouth is’ type of guy and all my trades -not only in the crypto markets but the US equity markets can be found via my website www.willscubatrader.com -
Any feedback is welcome!
NOTE I am still slightly bearish on my holdings on crypto but see the end could be in slightly pretty soon, but a major support would have to be found first!
BTCUSD
I believe that we wont start to see any really strong support for the bulls until we hit 5K.
Because of the spread that is on eToro I have set my SHORT positions to cash out on some of them at 6.2k to then reopen on the bounce off the 6k mark and then the others wont cash out until we see 5.2k or there and there about.
As always I am a ‘put my money where my mouth is’ type of guy and all my trades -not only in the crypto markets but the US equity markets can be found via my website www.willscubatrader.com -
Any feedback is welcome!
NOTE I am still slightly bearish on my holdings on crypto but see the end could be in slightly pretty soon, but a major support would have to be found first!
BTCUSD