aiza_belle
Short

BTCUSD Possible Incoming Reversal

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Fundamentally speaking in the long run, BTC like gold and other assets treated as risk-haven now will continue to increase in value if market continues to be risk-off esp with trade "talks" going nowhere and "rumored" recession coming within 2-3 years. But technical-wise, there's highly probable reversal soon at least in the short-run (within this month only) like what I'm seeing in metals esp if DXY forces its way up to 100 and equities start recovering from last Monday's correction.

Weekly:

Gold:

Silver:

DXY:


Confidence: B (bec this is not aligned with fundamentals and possibility of getting whipsawed, better to wait for the next "tail" to appear before shorting, or set a more conservative sell stop order below 12000 after bearish confirmation candles appear)
Trade closed manually: Will close this for now to lock in current gains, might short again if I get a better entry this week and if DXY remains bearish in the short-run at least.

Very solid rr.
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LOL
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