Retest of weekly 200 Moving Average & Buying Opportunity
Based on the weekly chart and current state of the economy, we are seeing a potential downward movement of the BTC toward 200 weeks moving average. Based on the current macroeconomic, we are very bullish about the long-term prospect of bitcoin. That is why we like to protect our position bitcoin during the downturn and take advantage of the buying opportunity.
We have taken a short position in bitcoin to hedge our position and expanded dollar liquidity for the next buying opportunity around 200 weeks moving average.
Please share your thoughts!
Let us analyze, learn and trade!
GenXInvesting
We have taken a short position in bitcoin to hedge our position and expanded dollar liquidity for the next buying opportunity around 200 weeks moving average.
Please share your thoughts!
Let us analyze, learn and trade!
GenXInvesting
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