#BTC
Friends, on the bigger picture I’m expecting Bitcoin to crash, but since we haven’t collected all the liquidity above, you could open a small long. The first target is 86,600–87,000; beyond that, it depends on how greedy you are and whether it makes a quick run up to 90k. The odds look good right now, but I wouldn’t put more than 25% of my position into a move that high. A tight stop would be just below 83,500, or more conventionally at 81,900—it depends on your risk management.
I’ve been long for a while; I entered on the break above 87k, expecting a move to that 90k mark.
Friends, on the bigger picture I’m expecting Bitcoin to crash, but since we haven’t collected all the liquidity above, you could open a small long. The first target is 86,600–87,000; beyond that, it depends on how greedy you are and whether it makes a quick run up to 90k. The odds look good right now, but I wouldn’t put more than 25% of my position into a move that high. A tight stop would be just below 83,500, or more conventionally at 81,900—it depends on your risk management.
I’ve been long for a while; I entered on the break above 87k, expecting a move to that 90k mark.