Long
probably nothing...
Sellers have given up the pivot, and after clearing FED, buyers are eyeballing pressure towards $46, $49 and $58 above.
A more solid representation is our long-term chart in BTC, but GBTC is also playable.
With sellers showing a lack of necessary tenacity, and buyers starting to make themselves felt. The threat now is immediately on a +35% rally, to e.g $46 and $49 soft resistance, and finally $58 highs. The enormous strategic significance of tapering explains why Powell has been so fleeting. Politicians have created a whore house via covid, we are now going to see the slippery slope play out in monetary policy.
A more solid representation is our long-term chart in BTC, but GBTC is also playable.
With sellers showing a lack of necessary tenacity, and buyers starting to make themselves felt. The threat now is immediately on a +35% rally, to e.g $46 and $49 soft resistance, and finally $58 highs. The enormous strategic significance of tapering explains why Powell has been so fleeting. Politicians have created a whore house via covid, we are now going to see the slippery slope play out in monetary policy.
Trade active
Note
close to clearing the first targets here... well done all those riding this one, a flawless and simple swing so far.Trade closed: target reached
+35% and counting..... TP1 cleared!Trade closed: target reached
TP2 !Note
You know the drill...
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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.
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.