Bitduke

XBTUSD - What is it? Just a shakeout or something else

Long
BITMEX:XBTUSD.P   Bitcoin
it's Sunday and another vicious bitcoin price drop. It lost 15% in 30 minutes and it doesn't clear for now is it going to stop or what. Pump from 29th of April was fully retraced btw.

Longed $8300, just hoping for a bounce.

Not really bullish here, but we're at support and I expect a nice bounce at least.

I think if this move will retrace back ahead of halving then it will mean that it was just a pre-halving shakeout. Otherwise more downside is possible.

Hit the "LIKE" button and follow to support, thank you.

Information is just for educational purposes, never financial advice. Always do your own research.

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