BTC could fall after having a hard time to test 50k
I just closed down my long positions at BE, because price action on lower time frames indicate some more bearish movements.
We still have that long wick since 4th of December and that bothers me a lot. Also despite the fact that in the past 24 hours 40 billion "new cash" converted into BTC, the big whales are still pulling out big money by the end of the year from the markets.
If we look on higher time frames there is still a good chance for another leg down to 42k area.
Just my 2 cents...
We still have that long wick since 4th of December and that bothers me a lot. Also despite the fact that in the past 24 hours 40 billion "new cash" converted into BTC, the big whales are still pulling out big money by the end of the year from the markets.
If we look on higher time frames there is still a good chance for another leg down to 42k area.
Just my 2 cents...
Trade closed manually:
Closed the trade manually with a small loss...
