Don't Play With Knifes, BTC soon to be falling.
As expected we are breaking lower, this should not be a surprise to anyone.
The area to short was 21200-21500 which was mentioned numerous times over the past couple days, I wouldn't recommend jumping on a break-out short trade based on principle but if you want to please be sure to manage risk tightly.
So we should see price make its way downward to the 18/19k line of major support of the next 24hours. The massive selling/rejection candle soon to be confirmed will be a signal to the market we are heading lower - if it was not obvious it will be then.
READ 'Short profit taking' for reference of this.
I will reassess how the fall is progressing in about 12hours.
Good luck traders
Asset mastery
The area to short was 21200-21500 which was mentioned numerous times over the past couple days, I wouldn't recommend jumping on a break-out short trade based on principle but if you want to please be sure to manage risk tightly.
So we should see price make its way downward to the 18/19k line of major support of the next 24hours. The massive selling/rejection candle soon to be confirmed will be a signal to the market we are heading lower - if it was not obvious it will be then.
READ 'Short profit taking' for reference of this.
I will reassess how the fall is progressing in about 12hours.
Good luck traders
Asset mastery
Comment:
** Do not be surprised if price does not hold 18/19k for long at all, just as equal chance its falls past. that zone in a similar size drop as the initial break which takes us to the goal of 16k **
Comment:
23k ->20k
20 -> 16k
clarification
20 -> 16k
clarification
