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ridethepig
Jun 17, 2020 3:30 PM

ridethepig | BTC Market Commentary 2020.06.17 Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

📍 A highly interesting move for BTC would be followed by triumphal progress at the $9,000 lows again...



The main feature of interest to me is the lows played on 11th and 15th June. It has a strong bid as a barrier and was well backed up, by the 2nd June lows. The next climax to the attack can begin over the coming sessions, what we need to be asking ourselves:

What are the chances? Why would they buy that..? Start writing things down... If this goes up? Why would they sell it... write stuff down. You can build a powerful argument, getting under the back of a successful halving, confidence in governments and risk appetite etc.

I hope this gives you a good idea of how to find cheap discounts - if you are a buyer, you start to look below... look for context; where am I? You can say you will pass on $9,000 but instead stick a limit in at $8,900 ... sure something can happen outside of markets on the virus front and we may have to work it out, it might be bumpy, but we can pan the idea, as long as we keep a cool head you can ride through the bumps. Lets get it done.

I'll leave it at that....Hope it helps to make lives easier, keep at the grind and keep the feedback coming!

Comment

👀 here for Quadruple witching..

Comment

Dips continue to be bought, nothing to update yet.

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A quick update on the map here...

Comments
Marshal_Zhukov
Thank you sir! Great insight as always.
ridethepig
Welcome @marshal Zhukov!
AboveDuality
Vert clean and nice intraday chart !
Still i suppose that support might not hold. But if bulla's strong why not!
Yeah game changer break is 10,5k area, very confluent zone
ridethepig
Thanks for sharing @AboveDuality
StefanBode
I will watch for that.
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