The bitcoin market has been flatlined for 2-3 hours now... If it repeats same as last night, the volume and price will move in about 2 hours from now (Asian Traders?) I'm looking to put a long btc perp futures position before then, somewhere in the $20,800sh level
Long btc perp futures @ $20,882... getting very sleepy but I don't want to leave a position overnight and still have an hour and half to go if pattern repeats Gonna try to get a nap, will also close if $21,000 hits
Yup I guess so. But unless we break above 21500, my bearish bias still stands. I also think BTS will move more or less in lockstep with the equity market. So if ES (S&P futures) drifts upward overnight, it will likely go up as well. For now, it's wait and see mode for me.
That was a bit of a head fake, don't ya think? They might have shook me out once, but they can't shake me twice.
My trade is less of a Technicals trade but more on the fundamentals trade + price action I'm thinking that normie wall street traders will be trying to figure out what happened with btc on Friday night after hours So, if the rumor of the $5 Billion btc buyer is true, they will know from their connections Staying above $21k (price action) would be an indicator we go higher to next level $22k(?). If it goes below, I'll have to reconsider