No longs until 63K is taken
Morning folks,
So, Thursday plan worked nice - market was around 63K. Now situation is a bit tricky. First is, geopolitical situation is coming to the boiling point. Any activation in Iran will make negative impact on BTC, besides [b]we have bearish grabber on 10-year bonds, suggesting drop back to 3.65% level. So geopolitical worryings are not in vain.
Gold is opened up today as well... Besides, on BTC itself we also have bearish grabber. Situation with sell-off in Japan is also not clear by far. And we get GDP numbers this week. So, BTC could become ones again the major sell-off victim.
That's why, until market keeps daily grabber valid we stay aside from any long positions. This risk will be erased if price jumps back above 63K area again.
So, Thursday plan worked nice - market was around 63K. Now situation is a bit tricky. First is, geopolitical situation is coming to the boiling point. Any activation in Iran will make negative impact on BTC, besides [b]we have bearish grabber on 10-year bonds, suggesting drop back to 3.65% level. So geopolitical worryings are not in vain.
Gold is opened up today as well... Besides, on BTC itself we also have bearish grabber. Situation with sell-off in Japan is also not clear by far. And we get GDP numbers this week. So, BTC could become ones again the major sell-off victim.
That's why, until market keeps daily grabber valid we stay aside from any long positions. This risk will be erased if price jumps back above 63K area again.
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/
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