miketheleisureman

BTC inflation hike not a bull pivot

Satış
BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
Today the Fed hiked rates by 75 b pts and the news is claiming a pivot and new bull run. careful out there ...today's BTC candlestick on the 4hr and 1hr is not guaranteeing any bull run. If anything caution is needed even more : the 50 MA is slicing through the candlestick bar and the 200 MA is well below and could possibly act as a magnet pulling the price down over the next few days .

If I'm wrong then fine ill lock my short position wounds. However I have increased margin to absorb volatile swings to the upside to give price action a chance to return downward to the MA 200 before Swinging back up again.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.