Saying Bitcoiin is a microcap is an understatement. If I would ever even consider a position in such a small market cap with an iliquid market, a lot of things need to align. First, I would like to see a clean weekly close above the red line. Secondly, a consolidation period where we could buy a wick below the red line where price gets rejected. Finally, a relatively small volatility where a stop below the most recent swing high offers us a good risk-reward trade to our next level.
HITBTC:B2GBTC
Market Cap:
$91,583 USD
11 BTC
HITBTC:B2GBTC
Market Cap:
$91,583 USD
11 BTC