BTCUSD-NEUTRAL downside bias
I am not committing to any crypto. The idea of it being a safe heaven conflicts with what it is.
The reason it is up here, that stories are stating that Russia has invested in it to safeguard themselves. Maybe true so let's see.
For now I feel the strategy is SELL current for a move back to $ 32,500. the stochastic is high up and RSI is high, but not extreme though. I feel more confident being short then long to be honest. The supp0rt is $ 42,500 right now.
The reason it is up here, that stories are stating that Russia has invested in it to safeguard themselves. Maybe true so let's see.
For now I feel the strategy is SELL current for a move back to $ 32,500. the stochastic is high up and RSI is high, but not extreme though. I feel more confident being short then long to be honest. The supp0rt is $ 42,500 right now.
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