Yesterday's historic bounce reacted a little to perfectly to the monthly trend-line pictured. Whether coincidence or not, this break in momentum will likely provide an interim bottom to the downtrend and give us a few weeks of reprieve before continuing with the bear market. $37,000 the level to watch.
My outlook is generally still flat although it is useful to remember that the biggest pumps happen during a bear cycle. We also have a full blown trade war on our hands so keep risk tight and trade with caution.
My outlook is generally still flat although it is useful to remember that the biggest pumps happen during a bear cycle. We also have a full blown trade war on our hands so keep risk tight and trade with caution.
交易結束：目標達成
Enjoyed trading this relief rally, all indicators are now showing a downturn promptly instigated by Moodys rating downgrade. Whether the downturn lasts or is just a temporary discount in price before popping back up to ATH is to be seen. Hope this was able to help!
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