I have put a SHORT entry target just under 13700.
BTC broke under the recent trendline of higher lows. There is now a trendline of lower highs.
TP1 at ~13168
TP2 at ~12893
Others are projecting far lower dips, down into the 12450 or 11900 range. Indeed, very possible. However, this is a volatile time, many including me, believing there is a mid- and long-term bullish pattern. Combine that with the election, and this is a recipe for volatility. So, my thought is to not be too aggressive in these shorts now.
Be cautious out there!
Not a professional, just a newbie. Open to feedback!
BTC broke under the recent trendline of higher lows. There is now a trendline of lower highs.
TP1 at ~13168
TP2 at ~12893
Others are projecting far lower dips, down into the 12450 or 11900 range. Indeed, very possible. However, this is a volatile time, many including me, believing there is a mid- and long-term bullish pattern. Combine that with the election, and this is a recipe for volatility. So, my thought is to not be too aggressive in these shorts now.
Be cautious out there!
Not a professional, just a newbie. Open to feedback!
Trade active
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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.