Bitcoin avoiding a bad situation for now
As I talked about it over the weekend, the scenario is very simple. On the 12H (12 Hour timeframe) if the 20MA crosses down the 200MA it will mean that BTC is going down quite a bit. For now, those two moving averages are staying away from each other as if they knew the danger that comes from crossing. The truce between them is thin and meaningless, if BTC moves to $9800.00 it will immediately move the 20MA dangerously close to the disaster zone and it create a sell off which is the beginning of the domino effect.
Trading is about creating liquidity and taking someone else's money, stay out of this unclear market and preserve your capital. Only jump in once it is safe and easy to make money.
THE TREND: Sideways with a hint of going down, it is recommended to stay out.
THE OUTLOOK: Unsafe, stay out until we start going up
Be safe and follow me to stay ahead of the curve.
Trading is about creating liquidity and taking someone else's money, stay out of this unclear market and preserve your capital. Only jump in once it is safe and easy to make money.
THE TREND: Sideways with a hint of going down, it is recommended to stay out.
THE OUTLOOK: Unsafe, stay out until we start going up
Be safe and follow me to stay ahead of the curve.
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