KEY LEVELS FOR $BTC ! WATCH OUT FOR THESE AREAS IF IT FALLS
I’ve mostly said the same thing in previous #Bitcoin analyses. I’ve said that whilst momentum is pointing upwards, you should take a short position when it slows down.
The reason for this was that, as everyone was expecting a fall, the likelihood of the price dropping was low; the market has calmed down following liquidations totalling nearly 3 billion in recent days.
I said the expected drop might now be on the cards. The areas marked in light yellow indicate heavy liquidations; a break below these levels could trigger a snowball effect on the price.
So be sure to mark these areas on your chart. DYOR
I’ve mostly said the same thing in previous #Bitcoin analyses. I’ve said that whilst momentum is pointing upwards, you should take a short position when it slows down.
The reason for this was that, as everyone was expecting a fall, the likelihood of the price dropping was low; the market has calmed down following liquidations totalling nearly 3 billion in recent days.
I said the expected drop might now be on the cards. The areas marked in light yellow indicate heavy liquidations; a break below these levels could trigger a snowball effect on the price.
So be sure to mark these areas on your chart. DYOR
