sell
BTCD Rally Worries Me — Expecting a Drop by Weekly Close
I'm uneasy — BTCD is moving up right now, and that worries me. In my view, the crypto price needs to reverse and come down by today's weekly close to validate a short-term bearish outlook.
I want to see a pullback in BTCD's price action at the weekly close; if it keeps rising, my negative stance will be challenged.
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Analysis
The opinion expresses clear short-term bearish sentiment: BTCD is rising now, which contradicts the author's expectation, and they need a decline by the weekly close to confirm their view. Weekly clos...
Recommendation
Given the view, consider reducing long exposure to BTCD ahead of the weekly close to limit downside if the price reverses as expected. Tightening stops or exiting a portion of holdings can protect cap...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.