Bitcoin shorts getting squeezed? or bull run iniated?
Hi guys,
things are looking pretty good in the short-medium term for BTC, a very nice rally happened since our doomsdrop in March, and looks like we are getting to an apex soon?
have been making a lot of live videos on my perspective, if you are interested in watching it, join me daily 7.30 PM (UTC+8) on Youtube or Facebook LIVE @ The Dang Oracle
for now we have broken nicely out of our falling wedge during this weekend, and it seems we are holding the EMA55 on the daily, and looks like we are going to get our leg
up higher.. however, we need to be very careful as volume seems to be going down overall, which indicates a weak push upwards
similar to our stocks market that is rallying as well, due to FED printing a lot of dollars (and crypto markets is printing a lot of tethers)
I would be very careful with what will happen next week/before the monthly close, but if monthly manages to close above the EMA21 things might turn bullish on a macro level
going to be some very interesting times in the next few weeks..
overally I am still macro bearish, and don't really believe we will get a V shape correction.. however the market will do what it wants to do, and we should get ready to adjust towards it
for now, I am looking very very carefully at the green box on the top, 7.8k range... which can wick up a little bit higher obv, just under 8k
-Ryu
things are looking pretty good in the short-medium term for BTC, a very nice rally happened since our doomsdrop in March, and looks like we are getting to an apex soon?
have been making a lot of live videos on my perspective, if you are interested in watching it, join me daily 7.30 PM (UTC+8) on Youtube or Facebook LIVE @ The Dang Oracle
for now we have broken nicely out of our falling wedge during this weekend, and it seems we are holding the EMA55 on the daily, and looks like we are going to get our leg
up higher.. however, we need to be very careful as volume seems to be going down overall, which indicates a weak push upwards
similar to our stocks market that is rallying as well, due to FED printing a lot of dollars (and crypto markets is printing a lot of tethers)
I would be very careful with what will happen next week/before the monthly close, but if monthly manages to close above the EMA21 things might turn bullish on a macro level
going to be some very interesting times in the next few weeks..
overally I am still macro bearish, and don't really believe we will get a V shape correction.. however the market will do what it wants to do, and we should get ready to adjust towards it
for now, I am looking very very carefully at the green box on the top, 7.8k range... which can wick up a little bit higher obv, just under 8k
-Ryu
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