BTC Daily Dose 3/19/19
Not much has changed in price action from yesterday. We are still hovering around $4100 without the ability to break past it. I expect the contraction of price movement to end by Friday where we will have some more volatility. Short-term I am still expecting a drop to $3937 and if it breaks there we would revisit $3625. My position on this is still neutral, I am not longing or shorting Bitcoin until we break out of this channel. A long at $3937 is still the best play right now and then absolutely long at $3625. Remaining neutral/flat is the best play right now. We are still in a macro accumulation phase in my opinion and I’m going to stick with that hypothesis until price action tells me otherwise.
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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.