BTCUSD Massive FAKEOUT incoming
Update:
BULLISH:
BTC has hit the monthly and weekly resistance zones. I have taken all profits off the table.
***BTCUSD slated inverted head and shoulders is still currently active.
TARGET: 74k
BEARISH:
Bitcoin could go up in value, but many obstacles might prevent it from reaching or staying above $72,000. These include strict government rules,(U.S. DO NOT LIKE BITCOIN) people's changing feelings,(WHALES) technical issues, competition from other digital currencies, environmental concerns, and the fact that it’s not widely used or easy to use. Always research and understand the risks before investing in Bitcoin.
More BEARISH:
Bitcoin isn't ready. Do NOT panic and buy for another ATH. Bitcoin isn't ready to crash the markets. The USD will hold. Wait for the price to go back into consolidation before making any more trading decisions. Bitcoin is reacting to the previous week's news... PPI data. Bitcoin just rose 5.1k in a day and still can not manage a higher high on the macro level. Don't believe in the hype... The parabolic phase is not yet ready. Take profits and pay attention to the upcoming news on Weds and Thrus—lots of meetings to discuss how they will neglect the price in Bitcoin.
These are just my thoughts, not financial advice.
BULLISH:
BTC has hit the monthly and weekly resistance zones. I have taken all profits off the table.
***BTCUSD slated inverted head and shoulders is still currently active.
TARGET: 74k
BEARISH:
Bitcoin could go up in value, but many obstacles might prevent it from reaching or staying above $72,000. These include strict government rules,(U.S. DO NOT LIKE BITCOIN) people's changing feelings,(WHALES) technical issues, competition from other digital currencies, environmental concerns, and the fact that it’s not widely used or easy to use. Always research and understand the risks before investing in Bitcoin.
More BEARISH:
Bitcoin isn't ready. Do NOT panic and buy for another ATH. Bitcoin isn't ready to crash the markets. The USD will hold. Wait for the price to go back into consolidation before making any more trading decisions. Bitcoin is reacting to the previous week's news... PPI data. Bitcoin just rose 5.1k in a day and still can not manage a higher high on the macro level. Don't believe in the hype... The parabolic phase is not yet ready. Take profits and pay attention to the upcoming news on Weds and Thrus—lots of meetings to discuss how they will neglect the price in Bitcoin.
These are just my thoughts, not financial advice.
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