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AriasWave
Jan 28, 2024 8:55 AM

BTC - This is Why I Am Now Shorting Bitcoin... Short

Bitcoin / TetherUSBinance

Description

In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I present a slightly less optimistic perspective on BNB.

While the medium-term outlook still anticipates all-time highs, the short-term signals suggest a potential impediment to the crypto market's performance due to a looming recession. Despite this, I posit that ongoing stimulus measures during such economic events act as catalysts for the subsequent upward movement. It seems imprudent to adopt a bullish stance before a correction has run its course, underscoring the fundamental principle behind the formation of AriasWave.
Comments
MyCryptoParadise
You acknowledge the potential short-term challenges in the crypto market due to a looming recession but also recognize the possibility of stimulus measures acting as catalysts for future upward movements, maintaining a medium-term positive outlook.
AriasWave
@MyCryptoParadise, Yes indeed. Thanks for highlighting that point.
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