DealerBTC

LIFUI. O. LOR. $BTC #BITCOIN My Thoughts: Bulls Next Week?

Long
BITSTAMP:BTCUSD   Bitcoin
I have been observing the price closely. I am noticing many coins balancing up. There are also some projects with heavy fundamental news brewing. On Bitcoin, I will be looking for a test of support between $40,500 and $41,500. If I see signs of support, I would close my shorts and look for long trades. If price were to bounce, I believe it would continue to $51,300 - $52,000. If so, this dip would have been a minor correction, and I would continue to follow the plan in my BTC Macro Update trade idea.

I admit there is a lot of uncertainty at the moment. I am only conisdering my options and evaluating my risk as the price gives me more information.

This trade idea is not financial advice. I am not a financial advisor of any kind.

Please do your own analysis, responsibly manage your risk, and stay safe.

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