BTCUSDT - Short-term Bearish
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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!
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