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ridethepig
Jun 23, 2020 7:17 AM

ridethepig | BTC Market Commentary 2020.06.23 Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

BTCUSD with an underlying bid tone trickling slightly higher and completing the second targets in the sequence. For now though, I am happy to continue fading intraday dips in BTC and look to re-instate longs around 9360/9400.



The unhealthy collapse in consumer confidence in the public sector will continue adding to the brighter picture for BTC. Gold and BTC look cooked to outperform in a Sovereign Debt Crisis.



Well done all those riding this one.. a clean and straight forward move so far. Thanks for keeping your support coming with likes, comments, charts and etc!



Comment

Eyes on $9,400 and $9,360 today for the NY open ... Will leave pending LMT orders just in case.

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Comments
AboveDuality
Soft support still holding! Would love to add more to short a bit higher, just republished my weekly view, come check it out... previous was violated sadly(
Padlomfaan
Will Dash ever get moving higher? If so when?
AboveDuality
Ain't lettin us buy cheap !
Padlomfaan
when you say "endgame" what do you mean exactly?
ridethepig
The final chapters in the economic cycle @Dashtothetop
Padlomfaan
@ridethepig, Materially what does "The final chapters in the economic cycle" mean... Mass starvation, global unrest... or just high unemployment for a period of time before the next cycle begins? I see you mention sovereign debt crisis. What does this mean for the average Joe, and what should the average Joe expect, whether it be from the government, big corps, banking abilities,.. More details would be great.
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