Disclaimer: I am not associated with Armstrong Economics in any shape or form.
*** All my previous ideas were hidden because I violated house rules of promoting an external link. I had no idea it was a violation and it was unintentional ***
Excellent entry point for a SHORT position at $8800.
BTCUSD must close today above $9045 to continue going higher. Because it tested $9045 but it is poised to not close the week above it, it is indicative that this breakout has ran its course and it is over.
Also, you will also notice that USD index will form a TEMP LOW this week then rise sharply higher. US stocks, Gold, Silver will also make a TEMP HIGH this week then enter a correction etc. Also, next week could mark the end of negative interest rates policy because the market is forcing the Fed to raise interest rates because there's no private capital interested in participating in REPO operations etc etc.
This week is a TURNING POINT on a lot of things globally. Even politics: Trump Impeachment, Russia government entire cabinet resigning, Iran. Trade: China Trade Deal, US-MEX-CA trade deal...
Happy trading!! remember, use triple protection moving forward.
Interesting view. If it does not close above $9045 by the week, what is your own personal take, will it continue to go down or will there be a re-test of $9045 by next week?
alejandroscotti
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@marigno, for the next 6 month BTC could suffer a 90% correction down to $1000 by June... but the price doesn't matter. TIME is far more critical than price. I'm expecting to be SHORT until June 2020...