I have a very small short position from about 7300 which I was looking to add to on a retrace but BTC has dumped so hard I am not expecting a retrace and will not chase it.
I think the stories published about whales entering the market to short it below 6300 may be accurate. I am not planning on trading for a while so long as it's getting bashed by whales because they can make it very unpredictable.
I am looking for a squeeze and volatility to die down again. I want to see price go flat for about a week before looking for another trade.
I will probably only looking at futures markets while cryptos are so whaley.
Next support level if it blow lower is on the chart. 3k actually doesn't seem that unrealistic.
I normally look at the 4 hour chart on BTC but it's too volatile and only the day chart or larger is probably worth checking on.
I think the stories published about whales entering the market to short it below 6300 may be accurate. I am not planning on trading for a while so long as it's getting bashed by whales because they can make it very unpredictable.
I am looking for a squeeze and volatility to die down again. I want to see price go flat for about a week before looking for another trade.
I will probably only looking at futures markets while cryptos are so whaley.
Next support level if it blow lower is on the chart. 3k actually doesn't seem that unrealistic.
I normally look at the 4 hour chart on BTC but it's too volatile and only the day chart or larger is probably worth checking on.
