THE week will start with important news from the FED and US Government and more announcements shall come along the week.
Senate approval of the 1.9T USD COVID BILL shall shake the USD pairs this week. The bill has then objective to incentive jobs creation.
Biden's administration is vaccinating over 2 million amaerican's daily.
Systemic Risk is decreasing...
ETHBTC zones to pay attention.
BTC is showing bullishness to bring US BACK to PRICE PIVOT.
A further pump on BTC BACK to 3780/3830 I would expect ETHBTC to perform the same and bring us to the above zones.
The same in case bears takes control.
I am Short TERM BULLISH.. in crypto bullishness means some hours maybe ... in a bear market a week maximum!!!...
I m looking the possibilities for the trading during this past movement, we did not hold 3625. In my opinion regarding crypto space we have many things going on that doesn't help this market to look more organic, such as PAIR USDT x USD at 1.0086 yesterday and today droping. We saw last year when Tether dumped below 0.95 USD; how high was the spike in October 15th...
BIG ACCUMULATION HERE...POSSIBLE SETUP FOR ANOTHER LEG UP...
LIQUIDITY @3100 AREA AND 4400... LETS SEE IF MKT THAKES LIQUIDITY FROM ABOVE / BELLOW.
THIS STRONG ACCUMULATION LEADS ME TO SWITCH MY SHORT FOR A LONG.
Many times when Im Trading I feel like closing my short, but this time I wont.
BUMPY ZONE IS CLOSE, some engulfings in a prior price action, but the market is clear about liquidity taking, it wants your money and in my humble opinion it sits bellow the demand zone, a huge pot of gold will be my entry long...
Since My short started at USD 4023 like i posted here...
OH BOY, WHEN ITS COMING THE BULL MARKET?
IM GETTING TIRED OF THIS, CANNOT COMPLAIN... STILL GOOD TO MAKE SOME MONEY WITH THOSE SHORTS, BAD THIS IS YOU NEED TO SELL MORE BTC OVER FIAT TO PAY THE BILLS... AFTER ALL, THIS IS PART OF THE JOB!
GOOD LUCK AND BE MINIMALIST!