BTC EVWMA 4H
EVWMA on the 4H has been my guiding indicator for years. I typically view it as a tool to time entry points after a sell off. When it begins stabilizing and volume returns I eye potential buys. Squeeze indicator also indicating a high likelihood of continued dumping. Fully expecting to retest recent lows in the coming 1-2 weeks. Multiple macro drivers in bears' favor (in order of impact on the market):
- Instability in global markets due to Omicron
- China will likely continue dumping because like it or not you do not fuck with the Chinese government
- Overheated equities with insane multiples in tech
- BTC recent trend is bearish after going roughly 20x in 2-2.5 years
- End of year tax purposes
Staying 60% fiat until we retest recent lows. These are my thoughts and are not investment advice.
- Instability in global markets due to Omicron
- China will likely continue dumping because like it or not you do not fuck with the Chinese government
- Overheated equities with insane multiples in tech
- BTC recent trend is bearish after going roughly 20x in 2-2.5 years
- End of year tax purposes
Staying 60% fiat until we retest recent lows. These are my thoughts and are not investment advice.
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