BTC / USD TA
We are looking for a major move to come within next few days for Bitcoin. Currently we are neutral on it hence why no directional position has been taken. We can easily observe that overall social media sentiment is currently bearish, nevertheless it comes after a liquidation of more than $150,000,000 on Bitmex alone, which means that those who were once in their LONGS are now SHORT hence why the sentiment change... considering all that it would be foolish to open a directional SHORT here and sit and wait, rather a more sensible choice would be to either hedge your positions right about here or just wait for a move to occur before entering a position, especially when we are looking at a bullish MACD divergence amidst a golden cross.
We are looking for a major move to come within next few days for Bitcoin. Currently we are neutral on it hence why no directional position has been taken. We can easily observe that overall social media sentiment is currently bearish, nevertheless it comes after a liquidation of more than $150,000,000 on Bitmex alone, which means that those who were once in their LONGS are now SHORT hence why the sentiment change... considering all that it would be foolish to open a directional SHORT here and sit and wait, rather a more sensible choice would be to either hedge your positions right about here or just wait for a move to occur before entering a position, especially when we are looking at a bullish MACD divergence amidst a golden cross.
