Traders,
With the 100k psychological resistance almost hit today and just above that our 1.618 Fib Retracement from previous high in 2021 to its low during the bear market, I think it is time we consider some pullback from Bitcoin. I sometimes like to take a look a MSTR to see what it's doing as it often drops clues as to what Bitcoin will do next. Today MSTR dropped nearly 22%. That's interesting because the level of pullback that I have been discussing for Bitcoin is to that 76k price level, around 22%.
I may actually even pull the trigger and short BTC at 100k and then DCA in another load at 102k but I am not sure we'll even get there before we start to pull back.
✌️ Stew
With the 100k psychological resistance almost hit today and just above that our 1.618 Fib Retracement from previous high in 2021 to its low during the bear market, I think it is time we consider some pullback from Bitcoin. I sometimes like to take a look a MSTR to see what it's doing as it often drops clues as to what Bitcoin will do next. Today MSTR dropped nearly 22%. That's interesting because the level of pullback that I have been discussing for Bitcoin is to that 76k price level, around 22%.
I may actually even pull the trigger and short BTC at 100k and then DCA in another load at 102k but I am not sure we'll even get there before we start to pull back.
✌️ Stew
Dagangan aktif
Dagangan ditutup: sasaran tercapai
Nota
Our 90k level held even with the Jim Cramer effect! 
Stewdamus Trades -
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Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.