Retail traders expecting bullish BTC ahead of elections
According to the CBOE COT report, most non-reportables (aka retail traders) are expecting bullish results in the coming days/weeks.
This is opposed to the positions of hedge funds, who are hedged neutral, likely expecting a bearish response to buy into dips later on.
A likely fakeout of the triangle will lead to a price around 64.9k, which is a decent 5% correction from current levels.
This is opposed to the positions of hedge funds, who are hedged neutral, likely expecting a bearish response to buy into dips later on.
A likely fakeout of the triangle will lead to a price around 64.9k, which is a decent 5% correction from current levels.
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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.