BTCUSD SHORT

25 de ago. de 2020

I Placed A Sell On BTCUSD Before Market Close Friday. My Reason For This Is We Saw Bitcoin Trading In this Channel I Was Waiting For A Breakout And We Got One. Another Good Confirmation Was A Retest Of The Channel Being Broken And Then The Bears Stepped In. A Risk-On Sentiment Has Been Happening With The US Stock Market Hitting New Highs Which Also Gave Me More Confidence. Gold & Bitcoin Are Correlated Which Are Seen As Safe Havens Since It Isn't A Fiat Currency. My Target Was A Strong Support At The $11400.00 level. We Could See it Break This Level If It Does I Could Be Placing Another Short Sell. Big News Is Coming On Jack Hole Symposium This Thursday So I Will Be Aware And Maybe Not Place A Trade Until I See What Happens.