BTC inflation hike not a bull pivot
Today the Fed hiked rates by 75 b pts and the news is claiming a pivot and new bull run. careful out there ...today's BTC candlestick on the 4hr and 1hr is not guaranteeing any bull run. If anything caution is needed even more : the 50 MA is slicing through the candlestick bar and the 200 MA is well below and could possibly act as a magnet pulling the price down over the next few days .
If I'm wrong then fine ill lock my short position wounds. However I have increased margin to absorb volatile swings to the upside to give price action a chance to return downward to the MA 200 before Swinging back up again.
If I'm wrong then fine ill lock my short position wounds. However I have increased margin to absorb volatile swings to the upside to give price action a chance to return downward to the MA 200 before Swinging back up again.
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