Bitcoin Path and entries points
In my last published idea, I've mentioned that if we lose the 56k zone we will be heading to test the 53k zone and I've already bought my position and I've added some bids at 52k but loosing the 52k zone on the weekly closure will be super bearish for me.
We are still moving in a downtrend since the 69k hitting and BTC lost around 22.5% of its value.
Today covid news and the losses in the American stocks were hard tbh, usually who do daily trades know the coloration between SPX and BTC and the 90% of the crypto market, the fear can always take control; but we will see the weekly closure + where the CME contract will also close.
We are still moving in a downtrend since the 69k hitting and BTC lost around 22.5% of its value.
Today covid news and the losses in the American stocks were hard tbh, usually who do daily trades know the coloration between SPX and BTC and the 90% of the crypto market, the fear can always take control; but we will see the weekly closure + where the CME contract will also close.
mehmetwehbe
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