BTC outlook by Duriano.
My rules tell me to short. SPX, DJI and DAX seem to struggle and start to look for their "real" value. Since BTC broke out of the 1h range, I expect price to form a QM which will be my trigger for a short. On the daily we broke the HTF market structure. Until price remains below the orange box (QM), I will hunt for shorts towards the 7k range. People are bullish although we are still in a downtrend from a macro perspective. I will change my bias if price finds support above the QM level.
Duriano.
Duriano.
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