$WIF $BTC $ETH Inflation is up, unemployment is up. Looks li | Viza on Binance Square

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$WIF $BTC $ETH Inflation is up, unemployment is up. Looks like rate cuts might have been unjustified. Will have to await PPI for confirmation but I am feeling bearish!
#tradesafe 

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BTC

61,113.49

+0.19%

ETH

2,421.67

+1.30%

WIF

2.508

+9.85%

1.3k

0

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$BTC Resistance is strong here, I am doubtful of any upwards movements. Support is fairly soft here given that we can allow for significant break of key levels before rebounding. Further downside pressure will hold below these levels. While the market awaits PPI, I am firmly bearish for the coming days.

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$HMSTR skeptical of moves against BTC, especially that of garbage coins. Taking a big short here all the way to 0.003.

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$WIF Tp'd at 2.53 given I lack confidence in BTC and most certainly in PPI tonight. Taking a small short to 2.35.

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$WIF On green days, WIF goes strong. Took a big long from 2.4, targeting upper range of 2.5-2.6. If you longed when I said would be good last night, you're eating good! #tradesafe

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$WIF shorted from 2.43 and took a fat profit. Longs are probably viable soon but exercise proper risk management with a stop loss. Note this will be a scalp trade if you do go long. I am net bearish on dollar denominated instruments. PPI on Friday I anticipate to miss the mark using today's economic data as a precursor. I am of the opinion that next week bitcoin will be under 60k if not this week. With that will drag WIF. However, WIF as of late has been quite defiant of the macro economy so we might see some relative strength in times of weakness. As has been evident today. Compare the charts of WIF and BTC to see what I mean. I am done trading for the day, I wish you guys the best! As always, #tradesafe

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