It seems like a fairly obvious long to 55-58k, maybe too obvious. Once in that range I expect market makers to start shorting again. Thread with caution.
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TIme to back out.
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I dislike R:R on this one right now. I would much prefer to wait for ETH-USD short for example than ride this.
@mrbream, I don't follow it too much. It seems market makers have started exiting the market. It will take time before they finish, while bitcoin is in this phase other shitcoins will pump.
@mrbream, I dislike the R:R now. There are far better odds out there.
mrbream
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hello, can u make an analysis for MTL vs USDT (metalpay) please
Owcheew8
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@mrbream, I took a peek and it seems to have done exact same move as the rest of the market and has reached it's expected bounce goal. I would not touch it in any case, not long and not short.
mrbream
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@Owcheew8, thx for recommendation and such a quick response ;)