BitcoinShort
Flush for the monthly close - up only for NOV.
Aggiornato
Greetings,
I have closed a few long scalps here, felt uneasy taking them, giving me a slight (SHORT TERM) bearish feeling.
Started to see some euphoric events happening on the timeline, quick flush to gather the profits for larger holders to rotate back into majors for NOV.
Expect to see price potentially reach up to 62k area, getting rejected by the 3 point I have listed in the text box.
Aiming to see an aggressive drop to close the monthly candle just below the 200 MA, and find a solid support there to begin building.
If you were thinking of entering, I'd personally hold out till the end of OCT, just to be sure.
If BTC can make and close a new higher high (>64k), I'd consider that a buy for a retest of ATH.
For now, I'm putting in a small position at a low leverage short in the event that this drop happens.
Not financial advice, GLHF (:
***ZONE THAT IM WATCHING FOR THE DROP = 52-53k***
'Still macro bullish leading to DEC.'
I have closed a few long scalps here, felt uneasy taking them, giving me a slight (SHORT TERM) bearish feeling.
Started to see some euphoric events happening on the timeline, quick flush to gather the profits for larger holders to rotate back into majors for NOV.
Expect to see price potentially reach up to 62k area, getting rejected by the 3 point I have listed in the text box.
Aiming to see an aggressive drop to close the monthly candle just below the 200 MA, and find a solid support there to begin building.
If you were thinking of entering, I'd personally hold out till the end of OCT, just to be sure.
If BTC can make and close a new higher high (>64k), I'd consider that a buy for a retest of ATH.
For now, I'm putting in a small position at a low leverage short in the event that this drop happens.
Not financial advice, GLHF (:
***ZONE THAT IM WATCHING FOR THE DROP = 52-53k***
'Still macro bullish leading to DEC.'
Nota
This got messy real quick, still holding position - waiting to see where market moves.Nota
Closed it earlier thinking the bulls were back in control. I was mistaken, screw emotions.Contemplating re entering here though...
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