BTC: Setup your Long from $6210
Hi All,
It has been a while since I have published my last post.
Today, I would like to share my setup for short-term BTC trade:
So yesterday, BTC dropped from the $6440 area to the lower $6200 area. The drop was expected since the recent Tether FUD, and other TA also suggested a reduction.
Immediately after the drop, BTC bounced back to $6300 and had been trading in a decline mode in the morning. As BTC is dropping again, I have set up my Long at $6210 and $6200 to $6180 with a tight stop-loss at $6050.
Those levels are the dominant order block at the moment so that dropping to that, the sell-side will be out of momentum and the buy-side will soon switch place.
Please treat this post as informative only.