25.2-25.5K seems interesting for new short position
Morning folks,
BTC goes with our long-term fundamental view and those who read our monthly reports knows about it since December 2021 when we've warned against long-term investments in BTC. This week end we have taken in-depth view on the US stock market that shows bad perspectives and BTC as usual is becoming a storm crower, with 600 Mln+ positions were liquidated just on Friday...
In short-term it seems that 25.2-25.4 resistance area might be interesting to consider another short position. Right now we do not consider any longs by far.
BTC goes with our long-term fundamental view and those who read our monthly reports knows about it since December 2021 when we've warned against long-term investments in BTC. This week end we have taken in-depth view on the US stock market that shows bad perspectives and BTC as usual is becoming a storm crower, with 600 Mln+ positions were liquidated just on Friday...
In short-term it seems that 25.2-25.4 resistance area might be interesting to consider another short position. Right now we do not consider any longs by far.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.