BitcoinDiupdate Significant sell-side volume/strength is not there (yet)
Although we've had a pullback today there is not enough information from my point of view to project a significant pullback ahead. I am watching volume depth however and will be pivoting to a more defensive position should we see significant negative volume. I've drawn a line I am monitoring in the second pane beneath the price activity chart.
Pullbacks are normal and are a great opportunity to DCA. Although I am a fan of DCA on a schedule, waiting for pullbacks is more appropriate IMHO. I do have the tendency to 'jump on opportunities' but I think we are in a cautious moment here waiting to see what the direction is Friday and this weekend. I do have cash on the side waiting to add to my overall positions.
Pullbacks are normal and are a great opportunity to DCA. Although I am a fan of DCA on a schedule, waiting for pullbacks is more appropriate IMHO. I do have the tendency to 'jump on opportunities' but I think we are in a cautious moment here waiting to see what the direction is Friday and this weekend. I do have cash on the side waiting to add to my overall positions.
Catatan
Interestingly, a prior similar event (price, volume) was at this level.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.