BITCOIN TO THE MOON #00000010
I have been very cautious with not letting my Bitcoin go down in USDT value, thats the reason I havent been trading that much lately and even move to USDT but then since BTC was not moving for the past 15 days more than 10% and thats what it has been doing for the past 15 days, despite everyone believes Bitcoin will just continue to pump but we have seen the algorithms controlling the market as we see price going up and down on small percentages.
Entering short position at $7559, for the next reasons
1- Very probably SP500 will go down, I have been bearish on world wide economy since April 13
2- SP500 RSI still moving under the same downtrend line
3- MCD moving same as the RSI
SP500 Charts
Here the Bitcoin Daily Chart
Bitcoin is still traveling on the same uptrend channel without any significant correction after a +90% increase in price since $3800, I am aware that it may pump to $8k since in a couple of days the halving for Bitcoin will take place but most of the times such rising wedge formations tend to brake to the downside, $1k short at $7559, liquidation at $8353, lets see how this goes.
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