Wait is a better choice for now

13 nov 2023Morning folks,

So, 3-Drive "Sell" has reached potential reversal point. What do we have now? DXY shows bullish weekly grabber, suggesting return back to 107.5 top, yields are raising. On daily BTC we have bearish grabbers, suggesting downside action, and here - 3-Drive "Sell".

This combination tells, that if even you want to buy BTC - it would be better to wait a bit for some pullback. Besides, some analysts, including JP Morgan suggest that ETF approvement mostly is priced - in already.

Anyway, overall combination of the factors suggest that it would be better to wait a bit and not buy BTC right now. Decision on scalp short selling is up to you...