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BTC's Slow Grind to $15.6K?
As long as SPX keeps bleeding, BTC should follow. So many BTC derivatives now in Equities Markets.
On the higher timeframes, we really don't have a ton of support down to $12-13k, however we will hit bumps along the way.
My hypothesis at this point, leads to a drop to mid 15k range then dangles a carrot before another insidious drop.
I don't have Bookmap, but I am sure there are TON of Limit Buy Orders in the $11-13k range.
Keep DCAing or wait for a solid reversal signal in a few months...OR make some attempts at small leveraged trades.
Stay safe fam.
On the higher timeframes, we really don't have a ton of support down to $12-13k, however we will hit bumps along the way.
My hypothesis at this point, leads to a drop to mid 15k range then dangles a carrot before another insidious drop.
I don't have Bookmap, but I am sure there are TON of Limit Buy Orders in the $11-13k range.
Keep DCAing or wait for a solid reversal signal in a few months...OR make some attempts at small leveraged trades.
Stay safe fam.
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