Potential swing trade opportunity to DCA into. Setting stop loss slightly below previous low.
No need to rush into this trade but to slowly positioning into it, while observing how the chart evolves on the lower time frames (i.e. 15mins, 30mins, hourly), and adjust stop loss/strategy as necessary.
If stopped out, will then reconsider re-entry, or perhaps to wait for a possible short opportunity if price breaks below the red area (golden pocket); while waiting to buy back in (finally) at the more attractive prices below 30k USD. With so many people (including many who had previously missed out) waiting for a chance to buy BTC at close to the 20k USD level, will the market allow for it though? IMO, unlikely to have another chance to enter below 20k USD.
Setting buy orders scattered between 26k USD and 21k USD, and a small portion at 19k USD.
Caution: Note that the ichicloud had already flipped bearish and have thickened significantly.
No need to rush into this trade but to slowly positioning into it, while observing how the chart evolves on the lower time frames (i.e. 15mins, 30mins, hourly), and adjust stop loss/strategy as necessary.
If stopped out, will then reconsider re-entry, or perhaps to wait for a possible short opportunity if price breaks below the red area (golden pocket); while waiting to buy back in (finally) at the more attractive prices below 30k USD. With so many people (including many who had previously missed out) waiting for a chance to buy BTC at close to the 20k USD level, will the market allow for it though? IMO, unlikely to have another chance to enter below 20k USD.
Setting buy orders scattered between 26k USD and 21k USD, and a small portion at 19k USD.
Caution: Note that the ichicloud had already flipped bearish and have thickened significantly.