sebking1986
Private
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- 622
$11.8k is my target as there is a daily gap there to fill. I feel the lack of any real bullish response to the move to $20k even as far as a decent retracement shows the overall lack of will to buy up what is still perceived as a risky asset in these economic times.
sebking1986
Private
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- 622
Indeed this area of consolidation is looking very similar to the one seen at 30k to be honest.
Yeah seems to really be impulse consolidation at the moment. So hard to tell if there'll be a retracement. Looking like further downside to me
sebking1986
Private
- Messages
- 622
That's fairly normal as a market maker model though. But for me given there are areas of liquidity below I'd be looking to buy at personally I'm still looking below until a break of structure on higher time frames suggest a change of character.
sebking1986
Private
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- 622
Big hit on BTC with the CPI release. Could trigger the next leg down
TareqS
Sergeant
- Messages
- 231
Bitcoin has been bullish in the daily chart. However, it may come back again at the last support, where it had its last bounce. If the level produces another bullish momentum and end up making a bullish breakout at the down trending trend line, BTC may get bullish, which the buyers have been waiting for a long time.
bigbax699
Corporal
- Messages
- 49
Good afternoon all. Just a little update today. Anyone else buy Bitcoin? I did as I said I was going to do. I know many people think we are going lower, but I think we are at the bottom. So i have to trade with my instinct don't I? I see ETH has had a little breakout today, hopefully Bitcoin will have one also. I'm well aware we could still come back down into the demand zone again, but for now the position is in profit of 1:1 R:R. If we reach 1:2 ill close some of the position and set SL to entry. Let me know below if you followed and stuck a little buy swing on GLIYF
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