Holding this box would be really nice for bulls, it'll likely test 9k which is the previous support of the range that BTC broke down a week ago.
If we close below 7.5k, the levels around 5k-6k is likely to act as support.
Closing above 13.4k on the monthly, and we're talking about ATHs
-------------------------------------------------
I'm currently long on Binance and BitMEX, but I'm also considering taking a hedge short on the small timeframes.
Getting stopped out isn't terrible, risk managment is good.
If we close below 7.5k, the levels around 5k-6k is likely to act as support.
Closing above 13.4k on the monthly, and we're talking about ATHs
-------------------------------------------------
I'm currently long on Binance and BitMEX, but I'm also considering taking a hedge short on the small timeframes.
Getting stopped out isn't terrible, risk managment is good.
Kommentera:
Chart with descriptions
Kommentera:
Bounced from weekly level and rejected 9.5k
The chart did very well!
The chart did very well!