Quick update on bitcoin, 50 day average at risk

in #bitcoin2 years ago

With about 11 hours to go until the close of the daily candle it is looking like the 50 day moving average is finally at risk of failing.

My plan

I added to my short because I am greedy, am hoping for the 50 day to hold. If it doesn't I will be closing my longs (I rarely short bitcoin except as a hedge).

My next buy targets will be at the top of the year long trend at around 12k and the 100 day average which lines up to the 10k area. Then the go all in point will be around the 8k mark which is the bottom of the year long trend.

Thanks for reading.

KevinBacon





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Disclaimer

Please do not invest on the advice of a stranger on the internet, only use this advice here as a starting point for your own research, and then if you choose to invest please only invest an amount that you can afford to lose.

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