Bitcoin (BTC) • We hit some support possible bounce or sideways
Not financial advice. Educational and Entertainment purposes only.
We just hit some technical support range that is backed the order-books right now. Funding rates keep flip back and forward and futures premiums are lows again
It is possible as we head toward the weekend that we keep ranging here OR alternatively we start bouncing toward a possible retest of the 43-44k.
Since macro trends are pretty much neutral and we a trading inside a no-man's land range.
Utter prudence is required when allocating risk because the marker is currently hyper choppy.
But overall I am biased toward only looking for longs right now because it is where best risk reward is better placed according to books and consolidation at lows.
If you are interested in access to D7 technical indicators used in this video. Please refer to the website in signature section
or feel free to check my free indicators in published scripts section.
We just hit some technical support range that is backed the order-books right now. Funding rates keep flip back and forward and futures premiums are lows again
It is possible as we head toward the weekend that we keep ranging here OR alternatively we start bouncing toward a possible retest of the 43-44k.
Since macro trends are pretty much neutral and we a trading inside a no-man's land range.
Utter prudence is required when allocating risk because the marker is currently hyper choppy.
But overall I am biased toward only looking for longs right now because it is where best risk reward is better placed according to books and consolidation at lows.
If you are interested in access to D7 technical indicators used in this video. Please refer to the website in signature section
or feel free to check my free indicators in published scripts section.
D7R
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