BTC Levels: Anytime I chase a market, I lose money. Except with Bitcoin.

in #bitcoin • 7 years ago (edited)

However, that will end someday. We will see a bear market. Until then, keep pushing to new all time highs.

We saw strong selling $30 shy of all time highs today. It seems likely to me we will touch $4600 and then sell off to $4100.

My risk is to the downside therefore i will not long up to $4600 but will start with small shorts at $4350 and wait until $4600 to add some real size. I'm not net short, just hedging some profit.

Resistance: 4450, 4600
Support: 4240, 4100

4hour chart

#analysis #technicals #charts #btc
7 years ago in #bitcoin by
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