Short BTCUSD with macro tailwinds and stretched technicals

31 Mar 2021

Momentum/Volume drying up similar to mid 2019 environment with extremely stretched technicals. Macro environment (rising rates & inflationary expectations) also stacked against stretched (especially levered) assets. DeFi growth/institutional adoption will keep happening, but BTCUSD will likely enter a multi-year correction / consolidation period.

4 Nis 2021

İşlem aktif

Lower High on daily/daily moving average printed
(black background for better view)