BITCOIN Weekly Outlook 05/02/2024
Hello guys,
great week to everyone.
So my view on BITCOIN didnt change in last days.
I think the IDEA from last Update is still in play.
But - Im staying alerted, since trading range is getting squeezed into tight range, so I would be expecting highier tide of volatility to come sooner rather then later. For this reason, I would again suggest to EVERYONE to use STOP LOSS.
Reason why Im somewhat "alerted" is - longer we stay in highier price range, without moving further down, in my view, it increasing chances of our idea to be WRONG- and as stated in big Q1 update, until FED start cutting, or somethiing going significantly wrong, market will go highier with time... So this would invalid our view.. BUT UNTIL IT HAPPEND we need to suggest that Sellside liquidity is the 1st target before potentional continuation of move upside since that how chart present itself after meeting...
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
great week to everyone.
So my view on BITCOIN didnt change in last days.
I think the IDEA from last Update is still in play.
But - Im staying alerted, since trading range is getting squeezed into tight range, so I would be expecting highier tide of volatility to come sooner rather then later. For this reason, I would again suggest to EVERYONE to use STOP LOSS.
Reason why Im somewhat "alerted" is - longer we stay in highier price range, without moving further down, in my view, it increasing chances of our idea to be WRONG- and as stated in big Q1 update, until FED start cutting, or somethiing going significantly wrong, market will go highier with time... So this would invalid our view.. BUT UNTIL IT HAPPEND we need to suggest that Sellside liquidity is the 1st target before potentional continuation of move upside since that how chart present itself after meeting...
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
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