Can Bitcoin Bulls Hold $59k Again?
BTC has been extremely week since topping out around 71k a few weeks ago. It has done nothing but continue moving lower despite the rally in stocks and semiconductors. I believe this is mostly due to DXY strength, but this is the make or break area.
BTC has refused to go back below
59K ever since it broke above. So I'm expecting the move off of this area to be significant. Can't say which way it breaks or when, but the recent weakness suggests it will break below soon and head back to the 
48K-
52K area.
BTC has refused to go back below
59K ever since it broke above. So I'm expecting the move off of this area to be significant. Can't say which way it breaks or when, but the recent weakness suggests it will break below soon and head back to the 48K-52K area.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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