$BTC ✨BTC LONG-TERM PLAY ‼️
I just witnessed a massive move where Bitcoin went straight from $64,000 to $81,000, but according to what the charts are suggesting, that move was nothing compared to what's coming next. I am expecting a heavy downtrend sooner or later. All confluences are now falling in line - historical data, overall market trend, and technical indicators are all pointing towards a major correction.
I am still feeling that the $48,000 zone is pretty solid support and we could see a strong reaction from there. This is totally my own view and I could be wrong, so trade accordingly.
🚀Signal Position
I will be very careful with any long positions right now. This kind of dump is designed to outsmart your SLs. High leverage and low margin ratios won't let you breathe in this volatility. My plan is to avoid aggressive longs and wait for confirmation around the lower zone.
This move will impact large-cap altcoins the most. As I mentioned a few times before, small caps will recover way more quickly compared to large caps. Be careful, manage your risk and don't get trapped.
Not Financial Advice. Trade at your own risk. $NVDA.US
#BearMarket #TechnicalAnalysis #StrategyMarketCapPassesFord #writetoearn
I just witnessed a massive move where Bitcoin went straight from $64,000 to $81,000, but according to what the charts are suggesting, that move was nothing compared to what's coming next. I am expecting a heavy downtrend sooner or later. All confluences are now falling in line - historical data, overall market trend, and technical indicators are all pointing towards a major correction.
I am still feeling that the $48,000 zone is pretty solid support and we could see a strong reaction from there. This is totally my own view and I could be wrong, so trade accordingly.
🚀Signal Position
I will be very careful with any long positions right now. This kind of dump is designed to outsmart your SLs. High leverage and low margin ratios won't let you breathe in this volatility. My plan is to avoid aggressive longs and wait for confirmation around the lower zone.
This move will impact large-cap altcoins the most. As I mentioned a few times before, small caps will recover way more quickly compared to large caps. Be careful, manage your risk and don't get trapped.
Not Financial Advice. Trade at your own risk. $NVDA.US
#BearMarket #TechnicalAnalysis #StrategyMarketCapPassesFord #writetoearn
