BITCOIN - Weekly Outlook 20/02/24'
Hello everyone,
just a quick Weekly update..
I believe that not much changed Price wise since last week, BUT we got some developments and news from Macro Economy perspective...
So, Im still somewhat alerted we are RIGHT now possibly "around" or "not so far" from High, before of "reversing" at for week/two..
WITH still having in mind, that ONLY ONE TIME in History, when Market conditions was closest to similar as we are today, Market didnt find its TOP until FED started cutting rates...
So there is still possibility of going Highier with time (March,April), even tho Price wise we already elevated a lot... and thats the reason Why is Executing a Trade Correctly right now difficult...
So AGAIN, I would suggest EVERYONE to use STOP LOSS, if you decide to trade...
cause, PROTECTING CAPITAL should be your Number 1 object every time!!!
-- I would like to state, that due to everything ment above and previously - I Labeled this Idea NEUTRAL - but, my bias is slightly more bearish, that bullish as for Right Now. --
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
just a quick Weekly update..
I believe that not much changed Price wise since last week, BUT we got some developments and news from Macro Economy perspective...
So, Im still somewhat alerted we are RIGHT now possibly "around" or "not so far" from High, before of "reversing" at for week/two..
WITH still having in mind, that ONLY ONE TIME in History, when Market conditions was closest to similar as we are today, Market didnt find its TOP until FED started cutting rates...
So there is still possibility of going Highier with time (March,April), even tho Price wise we already elevated a lot... and thats the reason Why is Executing a Trade Correctly right now difficult...
So AGAIN, I would suggest EVERYONE to use STOP LOSS, if you decide to trade...
cause, PROTECTING CAPITAL should be your Number 1 object every time!!!
-- I would like to state, that due to everything ment above and previously - I Labeled this Idea NEUTRAL - but, my bias is slightly more bearish, that bullish as for Right Now. --
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.