BitcoinShort
BTCUSD, Might reverse to 6K levels!
Key Points:
- Fake breakout.
- Broke short trendline.
- Head and shoulders pattern formation.
- Volume decrease.
- Potential second wave of COVID-19, which can result in a lockdown.
- Increase of dept.
- Increase of jobless claims USA.
- Companies are liquidating staff and expansions to increase their dividends, to attract investors (increase of the SP 500). Greed level is rising.
- Bitcoin has not yet proven itself as a safe haven, in comparisons as gold.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.