It's Like Playing Football on Edge of a Cliff Right Now

If you are currently in a long position or simply holding bitcoin and wondering when to sell in the hope of accumulating more at a lower price, you may consider getting out now. If you insist on staying in, PLEASE SET A STOP LOSS or TRAILING STOP to automatically sell your bitcoin and/or position. This can drop ALL OF A SUDDEN without ANY warning; as evidenced not long ago on the previous drop all of a sudden.

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I know some of you are considering holding on because you believe we will have another bounce. That's fine... Could we go higher? Sure we could... It's possible... However, it's VERY risky to do so at the moment. Especially, if you have not engaged a stop loss and/or trailing stop if you're in a long position.

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The 6h TF does show a CHANCE for reversal to upward pressure one more time. It's a bit risky but if you wish to wait, it's perfectly fine AS LONG AS you have a stop loss and/or trailing stop engaged.

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I'm doing a video publication shortly to provide more clarification...

Could they lull in margin shorts one more time before taking it up one more time by having a brief drop to lull in margin shorts? Sure, it's possible. Then after they have lulled in margin shorts and squeezed them by taking it up once more; they will have lulled in margin long positions. After which, they will bring us back down to test support around the $3,300 to $3,500 price range.

Here's the 12h:

Here's the 24h (Daily):

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If you're trading on Binance, here is "Binance: Stop-Limit Orders Explained, Stop-Limit vs. Stop-Loss difference" www.youtube.com/watch?v=ra9dKSyv...

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Follow Up Video Publication:

15:21

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About to fix a pot of coffee. Once it's finished perking, I'll get me a cup to bring downstairs to do some video publications.

brb

; )