BTC making bullish butterfly at $35,707
Yesterday I shared bearish butterfly on 2 hourly, Today we have a bullish butterfly in process of developing. Its amazing how two harmonics are being developed on same time frame. This clearly is a sign of uncertain market. We have weekly closure and soon FED will have a verdict on interest rate hikes plus other macro factors in play. We also have news circulating that Russia is looking to liquidate billions of $ in crypto through UAE exchanges due to which big short in amount of 5200 positions have been opened by bitfinex bears. So lets wait and see the outcome of these shorts first and then take positions accordingly.
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Disclaimer
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