I sold all my positions when BTC was around 48k, and I warned you guys about S&P being out of the channel.
My fear is that this could be another massive dump on the global markets, leading to a similar but slower behavior of March 2020.
I advise all of you to stay outside of the market until we have some news from the FED, TA is not strong right now.
But even though we are in a bad moment to use technical analysis we can always check the long time frames to predict possible behaviors.
Like always I use the stock to flow model to make my BTC predictions and for me is the strongest model in crypto, as well as the weekly averages of 8, 21, 50, 100 and 200. (only the weekly ones)
Don´t short now, and don´t open longs, wait for more significant probabilities to helps us here.
My fear is that this could be another massive dump on the global markets, leading to a similar but slower behavior of March 2020.
I advise all of you to stay outside of the market until we have some news from the FED, TA is not strong right now.
But even though we are in a bad moment to use technical analysis we can always check the long time frames to predict possible behaviors.
Like always I use the stock to flow model to make my BTC predictions and for me is the strongest model in crypto, as well as the weekly averages of 8, 21, 50, 100 and 200. (only the weekly ones)
Don´t short now, and don´t open longs, wait for more significant probabilities to helps us here.
