I've made a couple posts recently regarding the more Macro side of BTC. Here is one for the past few days.
At the time of writing this, BTC is up, but currently trending down (on the hourly). Can she hold out for another hour or less....I'm sure she can.
Yesterday's EQ was tested today, and had a nice bounce from it (slightly front run on the level as well), indicating there's still strong Bullish sentiment behind BTC. Grayscale has purchased thousands more BTC recently as well. BTC has always been the scariest asset around to short...Now is certainly no different. I recommend patience till good long entries come along. If you're going to short...make it a scalp, at least until structure changes. For now, dips are for buying, and the marked levels on the chart are where I'd be looking for a bounce, should we reach em.
As always, good luck, have fun, and practice solid risk management.
At the time of writing this, BTC is up, but currently trending down (on the hourly). Can she hold out for another hour or less....I'm sure she can.
Yesterday's EQ was tested today, and had a nice bounce from it (slightly front run on the level as well), indicating there's still strong Bullish sentiment behind BTC. Grayscale has purchased thousands more BTC recently as well. BTC has always been the scariest asset around to short...Now is certainly no different. I recommend patience till good long entries come along. If you're going to short...make it a scalp, at least until structure changes. For now, dips are for buying, and the marked levels on the chart are where I'd be looking for a bounce, should we reach em.
As always, good luck, have fun, and practice solid risk management.