#BTCUPDATE - 16.7.21
HOLDING ON WITH FINGERNAILS
BTC support is hanging by a thread at the moment, losing 31.1k will very likely see a rapid fall to 30k.
Looking at the order books and there is one of the biggest orders I have seen on them for a long time sitting at 3k BTC on 28k. This is a big indication of where the price is going - I do also believe we could be seeing a genuine bottom here. We are still moving into the GBTC unlock that will likely insight a sell off push below already weak support over the weekend.
I am really not very bullish on BTC atm - and my current play is if losing
31K then shorting to 30k and then again to 28.3k.
I am hedging longer term and setting buys at 30.1k and then again at 28.2k.
Stay safe, stay positive and remember with all trading what goes down usually comes back up - we are nearing the end of this bleak cycle I feel.
BTC support is hanging by a thread at the moment, losing 31.1k will very likely see a rapid fall to 30k.
Looking at the order books and there is one of the biggest orders I have seen on them for a long time sitting at 3k BTC on 28k. This is a big indication of where the price is going - I do also believe we could be seeing a genuine bottom here. We are still moving into the GBTC unlock that will likely insight a sell off push below already weak support over the weekend.
I am really not very bullish on BTC atm - and my current play is if losing
31K then shorting to 30k and then again to 28.3k. I am hedging longer term and setting buys at 30.1k and then again at 28.2k.
Stay safe, stay positive and remember with all trading what goes down usually comes back up - we are nearing the end of this bleak cycle I feel.
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