Hi traders,
Following from my XRP post, i for-see BTC following the same shake-out style move, returning to the 19k bullish supports before a wild pump to clear late shorts into the 21k zone.
18.9k-19.4k looks to be the support target zone before heading into the gap area of 21.3-21.8k
Given the market conditions macro wise, this makes sense to be the play of for MM - bearish overall but they are playing on hopes the FED pivots.
Right now the potential to short/long is not great for either, waiting for the pullback before entering long on the support zone and looking to short on the gap zone mentioned.
I have labelled it short given the overall trend but lets not short yet.
Goodluck,
Asset Mastery
Following from my XRP post, i for-see BTC following the same shake-out style move, returning to the 19k bullish supports before a wild pump to clear late shorts into the 21k zone.
18.9k-19.4k looks to be the support target zone before heading into the gap area of 21.3-21.8k
Given the market conditions macro wise, this makes sense to be the play of for MM - bearish overall but they are playing on hopes the FED pivots.
Right now the potential to short/long is not great for either, waiting for the pullback before entering long on the support zone and looking to short on the gap zone mentioned.
I have labelled it short given the overall trend but lets not short yet.
Goodluck,
Asset Mastery