In my opinion, the recent price action is very unusual.
There is news that is to be released today (January 15th) related to the ongoing back and forth between the New York Attorney Genreal, Tether, and Bitfinex.
The price action has turned me off and I have closed all of my positions.
I believe the market makers may use this as an opportunity to tank this market.
I will sit on the sidelines, stay flat, and play it safe.
Good support is at around $34,000.
I am putting my greed in check and sitting this one out. I have also sold a good amount of my spot btc.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thanks for hitting the like button!
There is news that is to be released today (January 15th) related to the ongoing back and forth between the New York Attorney Genreal, Tether, and Bitfinex.
The price action has turned me off and I have closed all of my positions.
I believe the market makers may use this as an opportunity to tank this market.
I will sit on the sidelines, stay flat, and play it safe.
Good support is at around $34,000.
I am putting my greed in check and sitting this one out. I have also sold a good amount of my spot btc.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thanks for hitting the like button!
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.
