Long the corn!

A lot of bears out there celebrating after a grim 2k red candle. And to be honest I love when stuff like this happens. Sell presure has been diminishg and selling volume has also been decreasing with pricee going lower.

We see a bull divergence already playing out and with an Open Interest at around 700 million in bitmex I could see a large movement happening, my guess: A big green candle. And you know, bitcoin loves doing stuff like that.

My target would be around 9500. Stop loss 7700. Greeat risk reward. ALways remember: Bitcoin is king!