03-17-2022, 05:44 PM
How long will the correction of the crypto market last- my opinion, amateur
<!-- SC_OFF --><div class="md"><p>What are your expectations of the market? I am in a bitcoin short trade from $41,460 with 5x leverage and one of my three limit orders has already triggered at $40,770 and closed 30% of deal. At this point, I am looking at a strong magnet in the $37,140-$34,400 range for bitcoin.</p> <p>All my deals I open on DEXs like Pangolin, Mimo, WOWswap. For trading with leverage (more often short deals on BTC) i use WOWswap.</p> <p>A correction is needed to pump the market more volume. Let's look at the facts, bitcoin can't get above the $44,000 level for over a month, and the local low keeps breaking new marks. Obviously, the squeeze is coming soon, but up or down is not for us to decide. But for growth it is always necessary to gather something from weak hands, we all know it. This is my brief and general explanation of why I am in a bitcoin short deal. I am more than confident in my strategy.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ShabbySuburb"> /u/ShabbySuburb </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/tg59k4/how_long_will_the_correction_of_the_crypto_market/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/tg59k4/how_long_will_the_correction_of_the_crypto_market/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>What are your expectations of the market? I am in a bitcoin short trade from $41,460 with 5x leverage and one of my three limit orders has already triggered at $40,770 and closed 30% of deal. At this point, I am looking at a strong magnet in the $37,140-$34,400 range for bitcoin.</p> <p>All my deals I open on DEXs like Pangolin, Mimo, WOWswap. For trading with leverage (more often short deals on BTC) i use WOWswap.</p> <p>A correction is needed to pump the market more volume. Let's look at the facts, bitcoin can't get above the $44,000 level for over a month, and the local low keeps breaking new marks. Obviously, the squeeze is coming soon, but up or down is not for us to decide. But for growth it is always necessary to gather something from weak hands, we all know it. This is my brief and general explanation of why I am in a bitcoin short deal. I am more than confident in my strategy.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ShabbySuburb"> /u/ShabbySuburb </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/tg59k4/how_long_will_the_correction_of_the_crypto_market/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/tg59k4/how_long_will_the_correction_of_the_crypto_market/">[comments]</a></span>Kind Regards R