Bitcoin’s short term mega-bullish market structure is hanging on by a thread currently. If the market structure on the charts breaks lower, it becomes a matter of moving down the chain of support levels until we find some support again.
For these reasons, I am not looking at long positions until this shows more strength, and instead will begin watching all charts for longs and shorts so we can react accordingly when BTC gives us a better signal for trades.
Bitcoin’s short term mega-bullish market structure is hanging on by a thread currently. If the market structure on the charts breaks lower, it becomes a matter of moving down the chain of support levels until we find some support again.
For these reasons, I am not looking at long positions until this shows more strength, and instead will begin watching all charts for longs and shorts so we can react accordingly when BTC gives us a better signal for trades.