BTC is about to make violent short-term upside moves
The current atmosphere is of extreme fear. However VIX has not spiked as much as anticipated and a significant amount of assets are either completely oversold or seemingly getting ready to short squeeze (see GME, DJT). US elections are forthcoming, and global M2 supply is rising. With the amount of shorts and puts that have accumulated on all markets in a panic-driven fashion during last week any upside move would lead to immediate and violent upside continuation.
Futures open today in 6 hours will likely set off the cascade and take BTC with it. I expect almost immediate and violent upside, first to 60k, then possibly to 58k followed shortly after by 70k by end of next week.
Extreme R:R for those who dare. Stoploss and TP are approximate and not recommendations. Expect volatility.
Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
Futures open today in 6 hours will likely set off the cascade and take BTC with it. I expect almost immediate and violent upside, first to 60k, then possibly to 58k followed shortly after by 70k by end of next week.
Extreme R:R for those who dare. Stoploss and TP are approximate and not recommendations. Expect volatility.
Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
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