Bitcoin has shown strength recently..
I was bearish, but the market has proven me wrong.
I believe there will be another rally to 50k.
However, keep in mind that every rally above current price can be fully retraced, due to lack of spot liquidity. If the trend changes, I would not hold and think price will stabilize anywhere around 44-50k.
All trade ideas are taken, but I do not update the idea if I my position or outlook changes.
I was bearish, but the market has proven me wrong.
I believe there will be another rally to 50k.
However, keep in mind that every rally above current price can be fully retraced, due to lack of spot liquidity. If the trend changes, I would not hold and think price will stabilize anywhere around 44-50k.
All trade ideas are taken, but I do not update the idea if I my position or outlook changes.