I was right! Bears send BTC spiraling... and here's how I'm profiting.
In my last post I suggested that although the price of $BTC has seen a sharp decline today, it bounced at approx $6300. Does this mean I think Bitcoin will mooshot? No. There is very strong resistance between $7200 and $7500. It's possible that the bears can push to lower resistance levels of approx. $5312 and $4181 respectively.
The green arrow are my entries. Because I anticipated the bounce at $6300 I began buying BTC on it's way down$6,649.04 and 6,366.17 respectively. I have a stop-loss set at $5354. At $6600 I will take some profits and look for my next entry. The goal is to gain as much BTC as possible while still making a profit.
yep! buy the dip to the dip to the dippity dip! hahaha crypto is a crazy thing isn't it... gotta love it!
Just read the downturn was caused by someone shorting 74 million in Bitcoin on Monday -ahead of the Goldman Sachs news that they're dumping BTC.
yeah i think there is a bunch of rumors going around right now. Which noone actually knows the 100% answer lol
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