treacherous Market to be trading for newbies
Bitcoin has been trading within this range for more than 20 days, which is usually a situation where I would favor quick scalps.
We managed to enter from the top for short positions and from the bottom for long positions. As for now, it's a no-trade zone for me as the best time to enter into a position was yesterday's at lows of 24.9k-25k zkne
We have seen how the week starts and evaluate it accordingly as bitcoins range bound is within 26400 ‐ 24900, Market markers can attack any of these ranges and with the news event playing out this week i would advice newbies to stay off the market as it will be filled will sentiments and emotions with both swing high and lows consequences.
In the short term, unless we reverse from here, I doubt that all the lows mentioned in the charts will not be taken sooner or later.
Regarding price action, since we dropped from 28K, I mentioned to you that there was a discrepancy in the prices among most exchanges, which would exert more downward pressure.
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Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on hive engine exchange.
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