BTCUSD
I haven't posted in a while, but that doesn't mean I wasn't practicing, so I decided to get in some predictions. In the next few days I think BTC will go down to around 18500. It has been a great run up, but less and less indicators support this relief rally. Short term it will mean some down movement to 18500, then we will potentially plummet to 12.5k-15k range even though we are currently forming a strong support line at 18.5K since late June. Stop loss at 21000.
Not financial advice.
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Still in the trade. BTC spiked over 21k but failed to close above it on the hourly. Still anticipating downside to 18.5k
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Even though was stopped out didn't want to lose opportunity so when it went under 21k I reshorted. We broke 18.5k but I think we might go sideways for a little bit before any significant movement. Looking very bearish.
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We have landed at 15.5k, but it doesn't look like there are plans for the dump to stop. Looks like we might get to 13k-14k relatively fast, that is if we don't test 18.5k as a resistance first.
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Something big happened, tether deppeged for a few hours by a few cents. This can will add a lot of volatility into the markets. Looks like we will be going back to 18.5k zone to test it this time as a resistance instead of a support. This is accentuated by the fact that people will be offloading some of their tether in anticipation to see what will happen to the stable coin. Keep your eyes open, looks like the market might get even more volatile in the next few days.
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We have hit 18.1k through two similar spikes, but it looks like the little run up is over, going back down for the weekend.