Bavo_DB

BTCUSDSHORTS @ ATH: reason for a (temporary) trend reversal?!

BITFINEX:BTCUSD   Bitcoin
BTCUSDSHORTS as Leading Price Indicator.

SCOPE OF ANALYSIS:
- BTCUSDSHORTS (bottom)
- BTCUSD (Pricelevel)

Expected:
Temporary price reversal based on ATH BTCUSDSHORTS

BTCUSDSHORTS - BTCUSD prices behaves mostly in the opposite direction.

Keep in mind an ATH of BTCUSDSHORTS doesn't mean BTCUSD bottom!

Although a short term price reversal is likely, my 1-3 month outlook remains bearish.

Tump-up if you agree!

Best,
Bavo
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