For today we have a very interesting move in BTCUSD.
Here becoming increasingly cautious on risk assets. On the broader macro picture dovish CB pricing seems cooked, risk is ready to storm back into the room and a late-cycle economy means all roads lead to the same outcome...
We can see bulls riding some profit taking from large bears who have been short, I know a few who have been holding since our previous charts (see related ideas). However, this move will be capped below resistance at 4k.
Here expecting bears to show up to the party once more and reset the playing field with fresh lows. Our 2980 target which has been in play since last year is now around the corner... well done to everyone who has made the most of this monstrous move.
For those in XRP ETH and other alts, expect BTC to carry the board traditionally with the outflows.
Good luck
Here becoming increasingly cautious on risk assets. On the broader macro picture dovish CB pricing seems cooked, risk is ready to storm back into the room and a late-cycle economy means all roads lead to the same outcome...
We can see bulls riding some profit taking from large bears who have been short, I know a few who have been holding since our previous charts (see related ideas). However, this move will be capped below resistance at 4k.
Here expecting bears to show up to the party once more and reset the playing field with fresh lows. Our 2980 target which has been in play since last year is now around the corner... well done to everyone who has made the most of this monstrous move.
For those in XRP ETH and other alts, expect BTC to carry the board traditionally with the outflows.
Good luck
Kommentera:
This one is going to be painful, stopped out by a crumb.
Trade stängt: Stopp nått
Kommentera:
Damn
