Namaste 🙏,
Bitcoin has been down after touching $10k twice and test the price at $8800. What would be the next scenario? Is all we seek to know.
Due to corona - bull run been denied, and still market managed to surge 126% since last big dip on Thursday so called black Thursday.
While it seems possible to go and test the resistance of $9400-$9600. While market seems bullish in the big media and certain traders.
I suggest price will test low back at halving price or below 20% of the price. For now in coming week $8200-$8500. Bear will hold the market and market will touch $9200 and fall back to test $8500 .
Possible at 1 Day chart and there has not been any whale buy in the test of $8800-$9000. So, there may be a buy which is obviously a trade pont to be mentioned.
Simple, follow whales, understand sells.
Keep catching the coming week.
Will update on next Sunday. 🙏
long or short?
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Short with 12% of your asset. Could wait for $9100-$9150. If you wish.
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