Bitduke

XBTUSD - What is it? Just a shakeout or something else

Long
BITMEX:XBTUSD.P   Bitcoin
it's Sunday and another vicious bitcoin price drop. It lost 15% in 30 minutes and it doesn't clear for now is it going to stop or what. Pump from 29th of April was fully retraced btw.

Longed $8300, just hoping for a bounce.

Not really bullish here, but we're at support and I expect a nice bounce at least.

I think if this move will retrace back ahead of halving then it will mean that it was just a pre-halving shakeout. Otherwise more downside is possible.

Hit the "LIKE" button and follow to support, thank you.

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