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The Grill Sergeant
@grillsergeant
BTC Short-term prediction - Local top here. Retrace to 81,500 - 82,000. Holds as support, strong bounce. We have already moved back into greed. Price has retraced into the blue trend line, which comes from the previous cycle tops and acted as support/resistance during this cycle. My retrace level is based on where longs have built up, which aligns with support and the .618 Fib level. (Fib level only accurate if local top is in.) I believe the support will hold down there with a strong bounce because of the other medium to long term bullish signs I have been talking about the past few days. **How I am playing it** - I am not trying to get too cute with this and I wouldn't recommend anyone else do with any long-term holdings either. I am selling some of my crypto here and setting buy orders lower. If BTC goes up a little higher today, I may even take a short position (which I would aggressively take profits on with any move down)
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The Grill Sergeant
@grillsergeant
BTC Short-term prediction - Local top here. Retrace to 81,500 - 82,000. Holds as support, strong bounce. We have already moved back into greed. Price has retraced into the blue trend line, which comes from the previous cycle tops and acted as support/resistance during this cycle. My retrace level is based on where longs have built up, which aligns with support and the .618 Fib level. (Fib level only accurate if local top is in.) I believe the support will hold down there with a strong bounce because of the other medium to long term bullish signs I have been talking about the past few days. **How I am playing it** - I am not trying to get too cute with this and I wouldn't recommend anyone else do with any long-term holdings either. I am selling some of my crypto here and setting buy orders lower. If BTC goes up a little higher today, I may even take a short position (which I would aggressively take profits on with any move down)
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