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It all looks so simple if we zoom out on #Bitcoin.

It all looks so simple if we zoom out on #Bitcoin.

Mar 18, 2023 10:31 PM |
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cryptowoetoe
Cryptowoetoe @cryptowoetoe
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If you're planning to go long on this (scalp), I wouldn't recommend trying to catch a falling knife. In my opinion, it doesn't make sense to buy between support levels. Here are the support lines for #Bitcoin. Most of the open interest that build up has been reset. Time to continue the bull market? #Bitcoin Would be fun if we just started ranging again, right? #Bitcoin Going into the CPI in 4 hours, we still have a high open interest from longs in this move up. If CPI=low, I don't think they have a problem. But if CPI=high, can see most of them getting stopped out on a large #Bitcoin dump. CPI is basically a coi #Bitcoin above 30k. Just another 2.29x till we reach all time high. GM. The risk reward for shorts is way better here imo for LTF trades. Had the sweep on #Bitcoin, send it back to the lows?