Short term buy for btc
Updated
Tentative 3x long purchased at $45,760
Reasoning:
4th touch on pink support trendline,
Massive ltf capitulation sell volume,
Very large open interest @ $50,000 strike price for Jan 7th options expiry,
Imbalance of areas to be retested
Recommendation: Long until at least $49,400
Reasoning:
4th touch on pink support trendline,
Massive ltf capitulation sell volume,
Very large open interest @ $50,000 strike price for Jan 7th options expiry,
Imbalance of areas to be retested
Recommendation: Long until at least $49,400
Trade closed manually
Position closed at $46,400. Price action remains weak and I'm seeing some concerning rejections on the low timeframes. Flipped into a short instead.. have a feeling we could be on the verge of a massive dump.Trade active
Longed support again at 45.7k. I'm only playing this for a small bounce. I think this will be the last move up before a major crash. If support gets broken we are going down hard. 37k minimum. Possibly 35k or 33k.Note
We've reached 40k. Massive support. Seeing massive accumulation and we might bounce soon but, I still think we will test 38k before we are fully ready, or 35k as a worst case scenario.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.