Spot position management, a few reference levels today
GOOGL’s momentum is picking up again—let’s chat a bit more along those lines.
BTC 84080 (-2.66%), 24h range 83500-87279. ETH 2675 (-2.88%), ETH/BTC 0.03181.
Spot rhythm: this is not a good time to chase. Wait for a pullback to key support, then scale in batches.
For spot here, look at two BTC support levels: one is 63200-62800, the other is 61500.
Reference levels:
- BTC spot: your current BTC price is less than 1% away from the 20-day moving average. Near the moving average is often where people scale in in batches.
- ETH spot: your current BTC price is less than 1% away from the 20-day moving average. Near the moving average is often where people scale in in batches.
Will you be scaling in batches on the spot side?
#BTC #spot
For personal observation only and does not constitute investment advice.
GOOGL’s momentum is picking up again—let’s chat a bit more along those lines.
BTC 84080 (-2.66%), 24h range 83500-87279. ETH 2675 (-2.88%), ETH/BTC 0.03181.
Spot rhythm: this is not a good time to chase. Wait for a pullback to key support, then scale in batches.
For spot here, look at two BTC support levels: one is 63200-62800, the other is 61500.
Reference levels:
- BTC spot: your current BTC price is less than 1% away from the 20-day moving average. Near the moving average is often where people scale in in batches.
- ETH spot: your current BTC price is less than 1% away from the 20-day moving average. Near the moving average is often where people scale in in batches.
Will you be scaling in batches on the spot side?
#BTC #spot
For personal observation only and does not constitute investment advice.