So far, there seems to be a lot of indecision in this market. The price of BTC continues to cross above and below the three Simple Moving Averages (14, 52, 152) irregularly. This is a sign that the price could rally higher or even lower in the longer perspective, Personally, I choose to remain flat here, my expectations is that BTC will continue to drop in value up to somewhere mid of this year. So, If I see any clear short position, I may give it a try, but long positions needs a strong confirmation that the price will continue upwards.
Trade Signal
Flat
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Imelda Maseno
Analyst of «FreshForex» company
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