WatsonsView

BTC Macro Trend Line Broken

BITSTAMP:BTCUSD   Bitcoin
I am not in a BTC position currently, though this is a huge occurrence in the bigger time frames.

I will be watching this with hawk eyes over the next few days. If we find support, this could be the sign of a macro reversal.

I am still extremely bearish though, especially when it comes to issues on the world finance stage. Let's not even begin to talk about the geopolitical factors that could sway the price of all asset classes at the moment. I covered all of this in my October finance report.

These are some very intense markets we are trading in right now. Let me know what you think about this.


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