Bitcoin / TetherUS
Short

$BTC looking very fragile....below 100k soon

78
BTC is crossing key technical indicators showing weakness; lower highs and lower lows. To confirm UltraShort shows a clear downward trend breaking 100k. While some may be giddy about cutting rates and some spikes to revenue numbers that is very short lived. The macros all tell the same story; insanely high valuations, weakening economy, and even lower mortgage rates has not spurred real estate. Some nice play here are BTCZ MSTZ and UVIX as the VIX will likely cross 20 very soon.

Best of luck! Ways to profit are know 1) volatility 2) direction 3) tool to help with entry / exit signals

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.