Pump to 20800 but not for long, update.
Hi Traders,
We had some heavy news with FEDEX announcing their thoughts on a coming recession and massively reduced expectations.
We needed to see some positive action from the market on the Friday to consider BTC able to attack the 22-24k again. NOT likely anymore for now.
We will likely still see the quick move into the 20500-20800 zone to clear shorts and get a confirmed rejection. Just not into the 21k again.
Also to consider when we have quite negative news on Fridays/with a FED meeting days away we can see traders dumping the speculative BTC positions in favour of other margin calls on the Monday... so Sunday will likely be a red day leading into the week.
I will make an update when getting on the shorts again.
Goodluck,
Asset Mastery
We had some heavy news with FEDEX announcing their thoughts on a coming recession and massively reduced expectations.
We needed to see some positive action from the market on the Friday to consider BTC able to attack the 22-24k again. NOT likely anymore for now.
We will likely still see the quick move into the 20500-20800 zone to clear shorts and get a confirmed rejection. Just not into the 21k again.
Also to consider when we have quite negative news on Fridays/with a FED meeting days away we can see traders dumping the speculative BTC positions in favour of other margin calls on the Monday... so Sunday will likely be a red day leading into the week.
I will make an update when getting on the shorts again.
Goodluck,
Asset Mastery
