quantguy

Bitcoin Selloff!! What to do?? 😲

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin does not like this dollar strength at all. It has retraced to about $45K, which is a very strong level of support. We actually briefly tested the $44K's but thankfully that got bought up very quickly. If we are unable to hold current levels, then $42K will provide a nice target to buy back. There is a $3K vacuum zone down to this level. Luckily after that we have support from several levels until we hit $40K, but the next level after that is $37.7K. Note that we are still in 'bull mode', even with this selloff and will be so even if we retrace to $36K

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