Bitcoin is sitting at no men's land in terms of Structure Support regarding Price Action .
Perhaps, just waiting for another catalyst to push price down,
taking it's time to free fall once again ;
printing so, what many in the space are speculating as Market Cycle Bottom,
combined with the FUD involved on crypto markets lately due to exchanges
Basically, ghost bars are there just to represent a perception of what may occur and what many in the space anticipate to happen,
in case Bitcoin decides to re-visit
it's previous key level zone of 9-12K
and find Support there to JUMP.
Do not take drawn ghost bars for time-span .
Short term, you can Short adjusting your stop-loss through your risk appetite. (it's better to trade with the trend rather than against it)
Long Term, @16K Bitcoin may be at a good spot to DCA
Lower Levels of Support would be perfect as a STRONG BUY , as well going LONG on derivatives for price to jump on big support levels of price action
TRADE SAFE
* Note that this is not Financial Advice
Please do your own research & consult your financial advisor before partaking on any trading activities based upon this idea.
Perhaps, just waiting for another catalyst to push price down,
taking it's time to free fall once again ;
printing so, what many in the space are speculating as Market Cycle Bottom,
combined with the FUD involved on crypto markets lately due to exchanges
Basically, ghost bars are there just to represent a perception of what may occur and what many in the space anticipate to happen,
in case Bitcoin decides to re-visit
it's previous key level zone of 9-12K
and find Support there to JUMP.
Do not take drawn ghost bars for time-span .
Short term, you can Short adjusting your stop-loss through your risk appetite. (it's better to trade with the trend rather than against it)
Long Term, @16K Bitcoin may be at a good spot to DCA
Lower Levels of Support would be perfect as a STRONG BUY , as well going LONG on derivatives for price to jump on big support levels of price action
TRADE SAFE
* Note that this is not Financial Advice
Please do your own research & consult your financial advisor before partaking on any trading activities based upon this idea.
