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paulflint
May 20, 2021 11:23 PM

Need $40k buyers to reverse the drop Long

Bitcoin / United States DollarCoinbase

Description


Long for this bounce but need to break above this resistance.

If we don't break out I will be trading shorts from the resistance until we close a candle above it and longing wicks around the support line with stop in place for any close under lower support.

If people don't want to buy 40k bitcoin , they won't buy 30k bitcoin when they know they can get 20k bitcoin .
Comments
matusdrabik
Nice commentary
theheirophant
Well player sir! Served as a nice framework for all the price action in the last few months :) What does your crystal ball say now?
katerpie
Agreed.
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