A clear rejection of 3.8-4k was expected in this scenario. We will be waiting until price reaches the last congested area of 3.3-3.5 before we will be entering back into longs. There is a very easy stop-loss near 3.3, so the r/r is healthy. I'm looking for more expensive Bitcoin before this rally is over. You may be surprised at what prices we can accomplish on this bounce.
Keep a very close eye on bitcoin - volatility is the name of the game here.
Keep a very close eye on bitcoin - volatility is the name of the game here.