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A few thoughts on the Bitcoin chart.
From the technical side:
The chart showed an approximate plan for a rebound before diving lower, at the moment Bitcoin is at a strong local support of $ 16,700-16,650, I do not exclude the possibility that we can see a rebound already from the current values.
There is also a possibility that the asset may fail the support of 16,700 and test the local range of $16,150-15,900 shown by gray lines on the chart.
In general, as you already understood, I am waiting for a reaction from strong levels, the chart is currently just frozen in place and we can only wait, either they will sink even lower, or a rebound from the current ones.
What about the position when you plan to close?
Guys, everything is unchanged in terms of position, I continue to hold from $17,900 and do not plan to close it yet. I think it will not do without collecting liquidity from above, there will be a rebound, but it can be insignificant as a simple manipulation with a subsequent dive. If there are changes in the position, I will definitely let you know
Guys special attention! This update is not a call to open a LONG/SHORT position, but a simple update of past ideas. If you have not entered or are out of position, then I recommend just taking a break from transactions, very soon there will be new entry points for positional trading.
Update Idea
A few thoughts on the Bitcoin chart.
From the technical side:
The chart showed an approximate plan for a rebound before diving lower, at the moment Bitcoin is at a strong local support of $ 16,700-16,650, I do not exclude the possibility that we can see a rebound already from the current values.
There is also a possibility that the asset may fail the support of 16,700 and test the local range of $16,150-15,900 shown by gray lines on the chart.
In general, as you already understood, I am waiting for a reaction from strong levels, the chart is currently just frozen in place and we can only wait, either they will sink even lower, or a rebound from the current ones.
What about the position when you plan to close?
Guys, everything is unchanged in terms of position, I continue to hold from $17,900 and do not plan to close it yet. I think it will not do without collecting liquidity from above, there will be a rebound, but it can be insignificant as a simple manipulation with a subsequent dive. If there are changes in the position, I will definitely let you know
Guys special attention! This update is not a call to open a LONG/SHORT position, but a simple update of past ideas. If you have not entered or are out of position, then I recommend just taking a break from transactions, very soon there will be new entry points for positional trading.
Update Idea
