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liquidity8

Short BTCUSD with macro tailwinds and stretched technicals

Short
Bitcoin (BITSTAMP:BTCUSD)  
liquidity8 Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Fundamental Analysis BTC short macro mean reversion
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trendanalysis chartpattern fundamental btc short macro mean reversion
Momentum/Volume drying up similar to mid 2019 environment with extremely stretched technicals. Macro environment (rising rates & inflationary expectations) also stacked against stretched (especially levered) assets. DeFi growth/institutional adoption will keep happening, but BTCUSD will likely enter a multi-year correction / consolidation period.
Trade active:
Lower High on daily/daily moving average printed
snapshot
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