China says short Bitcoin!?!?The pair is in a weird range, that looks like it wants to become a proper downtrend.
Yesterday I posted about a BTCUSD Long opportunity but that looks hard to last much longer, as BTCChina has a different opinion.
Right now I have a small long position which I am ready to close as things could get real ugly pretty soon.
Btccnyshort
Rip Van Winklevoss?As many of you know crypto is not my field and I would rather leave this to the experts, after many requests from previous btccny idea (see below) falling just shy of 100 cny from out 9k target we came close but no cigar.
On the macro side CNY buyers have put the moon path on pause for the second half of January - 5841.68 is the flip, if we don't put our fists through this then expect another test of 4898.12 and possibly 4442.33 before any further relief.
To date, 4898.12 held giving more meaning to our next attempt at punching through 6897.18 and 7009.13
Gl guys, please comment your views and if the levels helped give the idea a thumbs up, cheers!
