Analysis: BTC just crashed a trendline that was really important to my bullish outlook. The market went down to test the 32-33k level (key level at my TA). I would like to mention here that I am using right here a fractal from march 2020, when we had the COVID-19 market crash, because the markets construction looks pretty similar. If the market will do a recovery similar like in March 2020 I wont close my long positions. If we break below 30k I will close my long positions and I will cover my losses as well. As a summary, I am waiting to see a healthy recovery after this minor crash, and I want to see the 40-42k level to be tested again.
Conclusion: Bullish - with caution, ready to hold my longs. (My long positions are from 31k and 35k). If the market breaks below 30k I will close my longs with loss.
Conclusion: Bullish - with caution, ready to hold my longs. (My long positions are from 31k and 35k). If the market breaks below 30k I will close my longs with loss.