theMacAli
@t_theMacAli
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theMacAli
Shorting Bitcoin I'm shorting Bitcoin because Bitcoin's price increased rapidly after 2020's low US Interest rate. Then, it started falling in 2022 when the rate started to increase. The rate will go higher and stay there for some time. On the technical side, volatility is low on the daily chart. This means the trading activity is low and will increase. I expect some big candles and momentum in the market soon(daily chart). My first price target is $12800.
theMacAli
The volatility indicator is showing a very low volatility of 1.2 on the daily chart. I think it will increase soon and bitcoin will start making large moves. Bitcoin has been trending down since Nov 2021 and has already corrected 33%. I can’t say if it will rebound and make a new high in the short term but I think it will tank in the long term when the US interest rates go higher than 1%
theMacAli
I see a reverse divergence on the RSI indicator on the ETHUSD weekly chart.
theMacAli
Short term can go higher but long term it's on downtrend
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