Latest #BTC thoughts #TraderSnek
Want to see a sweep low to ~
42K then a bounce up to reclaim 50MA at ~48k this week. Get the leverage out and send it.
Otherwise, looks crap.
Every other solid close below 50MA led to bigger dump. Legacy markets are getting smacked around, too.
On the other side, bears starting to get cocky on Twitter. Sentiment is absolutely horrible. Fear and Greed = 24 = Extreme fear. Bitcoin is irrational, often.
42k-44k could be a good place to add. Don't forget the implication of institutions looking to add for a good price. Any dip has big-buy eyes on it now.
Lets see.
42K then a bounce up to reclaim 50MA at ~48k this week. Get the leverage out and send it. Otherwise, looks crap.
Every other solid close below 50MA led to bigger dump. Legacy markets are getting smacked around, too.
On the other side, bears starting to get cocky on Twitter. Sentiment is absolutely horrible. Fear and Greed = 24 = Extreme fear. Bitcoin is irrational, often.
42k-44k could be a good place to add. Don't forget the implication of institutions looking to add for a good price. Any dip has big-buy eyes on it now.
Lets see.
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