I am really not certain on this one, and as mention a few times, I do not wish to trade it right now. There is no clear sign and besides, it's only movement is due to volume based on large tickets and flows.
There are statements made that Crypto is having the same stats as GOLD. I am sorry, but I do not agree.
I like the technology behind it, but only view Crypto to speculate if something feels right.
Right now, it is still within a large range, and we are nearing the top, unless we break above $ 45,500 then $ 50,000 and higher might be seen. The long-term pattern suggest a large SHS top pattern and this brings ultimately the BTCUSD down to below $ 10,000. yes it seems crazy statement, but this is the technical picture for now. The short-term strategy is to SELL current $ 44ks and place stop above $ 46 k. The objective on downside should be near $ 35k again.
There are statements made that Crypto is having the same stats as GOLD. I am sorry, but I do not agree.
I like the technology behind it, but only view Crypto to speculate if something feels right.
Right now, it is still within a large range, and we are nearing the top, unless we break above $ 45,500 then $ 50,000 and higher might be seen. The long-term pattern suggest a large SHS top pattern and this brings ultimately the BTCUSD down to below $ 10,000. yes it seems crazy statement, but this is the technical picture for now. The short-term strategy is to SELL current $ 44ks and place stop above $ 46 k. The objective on downside should be near $ 35k again.
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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.