Smoak

Why I still won't long Bitcoin - Part 2

Corto
BNC:BLX   Bitcoin Liquid Index
Keep an eye on this resistance. The market feels very bullish but I won't get caught long under heavy resistance like this while in a bear market. Above that and we've got the weekly 200 weighted and exponential moving averages as additional overhead resistances. We may break this and test one of those. In any event, I would preserve any gains versus holding and hoping we break through.
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