After a great bitcoin rally, we are on the verge of a great bitcoin crash, and it is that little by little the bullish force is exhausted, and we enter a period of lateralizing.
which in the medium short term can lead to a correction close to $ 46,000
What without a doubt for some would be fatal for the simple fact of thinking of only a bullish scenario, without taking into account that bitcoin is used to going backwards and that is significantly healthy for the entire ecosystem of cryptocurrencies!
the danger of leverage
And it is that in this fall that is around the corner if you find yourself leveraged from 10X upwards, and you do not have a defined stop loss, then you are in trouble.
We will go in free fall very close to $ 46,000 and you just have to look at the daily charts and you will notice with the naked eye how a side slope is already forming, with a downward inclination!
In the very short term we will visit the $ 55k and then continue in free fall, and that is that although in bitcoin everything can happen, well hopefully in this case and for the benefits of the bullish loss, the market moves in the opposite direction. While the whole scenario unfolds, this server is in a short position that will let run at least up to $ 50k to take the first profits, and we will close close to $ 47k so as not to be so greedy
In the meantime, we will have a few cups of coffee while everything begins to collapse, until a next installment my dear fellow readers.