ביטקויןשורט
BTC rising wedge on the 1 hr - BE CAREFUL OUT THERE
1) rising sell volume as wedge ascends (see volume)
2) alts are bleeding - indicating lack of faith in the crypto market (BTC is very close to the 20 week SMA)
3) high uncertainty in the overall market
I don't have a target, but this is really just a caution not to FOMO into this pump.
As a long term swing trader, I'm not selling any BTC, but I am in the process of trimming my alt positions, because I think BTC does not look bullish here medium-term. I expect Q1 of 2021 to look different though, post-election - I think either Trump or Biden will usher in a new round of fiscal stimulus with a congress with newfound willingness to play ball, which will ultimately be supportive of Bitcoin, gold, silver, and equities (the primary inflation plays right now).
Stay safe!!!
2) alts are bleeding - indicating lack of faith in the crypto market (BTC is very close to the 20 week SMA)
3) high uncertainty in the overall market
I don't have a target, but this is really just a caution not to FOMO into this pump.
As a long term swing trader, I'm not selling any BTC, but I am in the process of trimming my alt positions, because I think BTC does not look bullish here medium-term. I expect Q1 of 2021 to look different though, post-election - I think either Trump or Biden will usher in a new round of fiscal stimulus with a congress with newfound willingness to play ball, which will ultimately be supportive of Bitcoin, gold, silver, and equities (the primary inflation plays right now).
Stay safe!!!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.