BitcoinLong
Bitcoin Worst Case Scenario Setup Update
- Bitcoin is currently trading at 53,442$
- Bitcoin followed my 1st path and the second path might be followed too
- Bitcoin has only been making lower lows and higher lows which signifies a bearish trend
- Overall Price trend is bearish we need a Market Structure shift above 62,000$ to flip the trend and get bullish again
- Be cautious and avoid leverage and adding longs and short for now before you see a clear trend
- Spot buying is fine but at the same time prefer to sit on hands
- Bitcoin followed my 1st path and the second path might be followed too
- Bitcoin has only been making lower lows and higher lows which signifies a bearish trend
- Overall Price trend is bearish we need a Market Structure shift above 62,000$ to flip the trend and get bullish again
- Be cautious and avoid leverage and adding longs and short for now before you see a clear trend
- Spot buying is fine but at the same time prefer to sit on hands
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