BTCUSD
Hi All, one of my algo's triggered a sell signal with similar momentum structure as last year in March.
I'm not bearish at all but momentum looks weak on BTC and I could see another shakeout like in march 2020 incoming, with a potential retest of old ATH as support.
...Probably not as deep as last march, but still enough to act as a spring for continuation.
I am hedging at the moment until I'm sure this is not playing out again.
Besides, stocks look like shit, and with what's happening in china, it definitely could be a catalyst for further downside.
Still long BTC spot and a basket of alts spot.
MM :)