BTC still dropping....don't let the fake spikes fool you!
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Have not touched my original outline / direction for over a month now! BTC will continue to drop until it hits a support level that seems to be in the 70k range (or lower, depending on how bad the economy is doing and it's pointing down). There could be some pressures from the new admin to pump BTC with "strategic reserves" but it's really a pump and dump since this is NOT free market! More like market manipulation. Interest rates are still high, unemployment is ticking up, default rates for FHA and auto loans are seriously up! Don't let the new about how great things are fool you. You can always take advantage and piggy back on ETF inverse!
Sharing as I've seen many people get wrecked following shinny objects. Best of luck and always do your own due diligence!
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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.