Short
Calling all crypto traders lets start a chat here .......
Hello Hello ,
Firstly comments very welcome , Okay so you have to trade what you see and the charts never lie , right now I feel after the halving BTC is due for a leg down and here's why ,
We have been on a 9 Week bull run and at some point not everyone is a Hodler profit taking will commence, although the US economy is taking a beating due to the world pandemic, along with oil . Short term do not bet against the USD as its still in relative demand for now, even with all the obvious economic factors pointing to its deflationary path.
I feel we will trickle down to the $6500 area before staying within this bullish pennant before an imminent breakout , When do I feel this happens?when all the economic data and ISM figures start showing the negative effects of the Covid 19 damage in Q4 and the US MKT indices start to fall like lead balloons and we get a heavy risk off tone .
I feel we break out in Q1 2021 for BTC .
Happy trading people , stay safe out there :)
Firstly comments very welcome , Okay so you have to trade what you see and the charts never lie , right now I feel after the halving BTC is due for a leg down and here's why ,
We have been on a 9 Week bull run and at some point not everyone is a Hodler profit taking will commence, although the US economy is taking a beating due to the world pandemic, along with oil . Short term do not bet against the USD as its still in relative demand for now, even with all the obvious economic factors pointing to its deflationary path.
I feel we will trickle down to the $6500 area before staying within this bullish pennant before an imminent breakout , When do I feel this happens?when all the economic data and ISM figures start showing the negative effects of the Covid 19 damage in Q4 and the US MKT indices start to fall like lead balloons and we get a heavy risk off tone .
I feel we break out in Q1 2021 for BTC .
Happy trading people , stay safe out there :)
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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.
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.