Short bitcoin
Updated
The growth of volatility in global markets continues.
The prices of assets that are safe havens as treasury government securities continue to grow. Bitcoin has not fulfilled its functions, in the role of a safe haven, for investors. Bitcoin continues to be perceived as a risky asset. Even with the reason that the value of bitcoin in fact should not correlate with world markets. But the psychology of investors continues to perceive this as a risky asset.
Therefore, the medium-term fundamental background for bitcoin is downward.
I continue to trade BTC/USDT in shorts.
Short term trend.
1. Formed a point to enter the short-term trend.
2. The AI recognized the short signal, which has strong statistics.
3. The correlation for holding a position is positive for this price pattern. This means that we have a strong downtrend.
Therefore, during the day I continue to expect a decrease in bitcoin.
The prices of assets that are safe havens as treasury government securities continue to grow. Bitcoin has not fulfilled its functions, in the role of a safe haven, for investors. Bitcoin continues to be perceived as a risky asset. Even with the reason that the value of bitcoin in fact should not correlate with world markets. But the psychology of investors continues to perceive this as a risky asset.
Therefore, the medium-term fundamental background for bitcoin is downward.
I continue to trade BTC/USDT in shorts.
Short term trend.
1. Formed a point to enter the short-term trend.
2. The AI recognized the short signal, which has strong statistics.
3. The correlation for holding a position is positive for this price pattern. This means that we have a strong downtrend.
Therefore, during the day I continue to expect a decrease in bitcoin.
Trade closed: target reached
The growth of volatility in the stock markets continues.To understand what will happen to the markets, you need to analyze the history of previous crises.
You need to pay attention to all crises have a certain life span. Now the collapse has begun and it usually lasts several quarts.
Therefore, the pressure on Bitcoin may continue for several more quarters, so you should not buy Bitcoin when it seems that we have reached the bottom. In times of crisis, the bottom is much lower than our expectations. Be careful with your purchases. Purchases can only be short-term, because price rallies can be quite tangible, where you can make a profit.
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