BTC needs to get back above 50k
A lot of time left in this week but there's a ton of bearish signs here for BTC.
One of my key issues is with renewed evergrande default drama and my bearish take on traditional markets, because crypto is adhering to it so closely BTC can show lots of different signs and it doesn't really matter. If traditionals go down, BTC will break patterns.
We have formed a higher low, thats a long signal, but I'm not sure I want to bite on it just yet, will give it a few more days candles and see what comes about.
No need to be throwing money here, sitting in stables is a great bet.
One thing I will leave this on is betting at bottom of ranges, weve come down to 50k, bet long? Its at these big levels that fortunes get made and lost, this isn't 30k but its still a major level.
One of my key issues is with renewed evergrande default drama and my bearish take on traditional markets, because crypto is adhering to it so closely BTC can show lots of different signs and it doesn't really matter. If traditionals go down, BTC will break patterns.
We have formed a higher low, thats a long signal, but I'm not sure I want to bite on it just yet, will give it a few more days candles and see what comes about.
No need to be throwing money here, sitting in stables is a great bet.
One thing I will leave this on is betting at bottom of ranges, weve come down to 50k, bet long? Its at these big levels that fortunes get made and lost, this isn't 30k but its still a major level.
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