In my last review on the BTCUSD I thought it wouldn't break 4500 resistance area at least for a some time and would keep in the range. However, it break through but we see limited buying interest. It could follow through and potentially reach psychological 5000 barrier however I would be very cautious having long positions now. As in the earlier review I would prefer to wait for a correction down to 3500 area and then confirmed by price action and aggressive buying I would initiated new long positions. This doesn't mean though that shorts are coming our way. I would recommend not to short BTCUSD at all and stay on the safe side.
Safe sailing.
www.tradingview.com/chart/rWBYXwxD/
Safe sailing.
www.tradingview.com/chart/rWBYXwxD/