‘I would not short’ — Bitcoin buy the dip zone now $11K, says Tone Vays
The veteran trader says bullish trends make shorting the current correction a dangerous move, and the dip “may already be over.” Bitcoin (BTC) is bullish in three key areas and a “perfect” buy-in is now no lower than $11,000, popular trader Tone Vays says.In the latest edition of his Trading Bitcoin YouTube series on Oct. 14, Vays presented an optimistic take on the Bitcoin price, which he argues has barely any bearish characteristics.Vays: $11,000 zone is “perfect” dipExamining the weekly and daily charts, Vays noted that there was little reason to expect a significant pullback beyond a....
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