Hi lads. hope you're doing well.
So as you can see btc is still struggling at the bottom of the channel. Data shows that majority of the players are bearish at the moment.
In genearl, i think btc will go up from the current 19.5k levels. Also btc can touch 19.3k area before the jump just to trigger as many long positions stop loss as possible.
ideal area to buy btc or open long : 19.3k - 19.6k range
Also, dont use high leverage in your longs since the possibility of fake down legs are high atm. i recommend max 5 to 8 leverage.
Good luck and have a good one :)
So as you can see btc is still struggling at the bottom of the channel. Data shows that majority of the players are bearish at the moment.
In genearl, i think btc will go up from the current 19.5k levels. Also btc can touch 19.3k area before the jump just to trigger as many long positions stop loss as possible.
ideal area to buy btc or open long : 19.3k - 19.6k range
Also, dont use high leverage in your longs since the possibility of fake down legs are high atm. i recommend max 5 to 8 leverage.
Good luck and have a good one :)