Sideways or down for the next week
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There seems to be an inverse correlation between XRPBTC and BTCUSD, so this might mean BTCUSD will pump a bit more until monday 3.
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Taking a bit of profit here at potential support, 0.00008785 bitmex futures price.
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Update:
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I'm starting to think that time spent inside purple box will be sideways distribution.
There is a clear inverse correlation with BTCUSD and I'm expecting BTC to decline for the next couple week.
There is a clear inverse correlation with BTCUSD and I'm expecting BTC to decline for the next couple week.
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Just reduced position size, leaving 1/3 running.
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Added big to my short.
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Short signal was a fakeout, got stopped at 9050. I see sideways for a couple more days as I thought before.
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We might be ready to make new lows, potential signal fired at yesterdays close, but I was busy celebrating River Plate's victory.
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stopped again at 0.00008827 for a tiny loss, might pump and turn bearish shortly afterwards. Will keep updating.