The coming BTC correction

Тема в разделе "English", создана пользователем Trading Ideas, 27 сен 2020.

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    The coming BTC correction
    XBT / USD KRAKEN:XBTUSD
    Crypto_Analytics
    J9jE0IK0_mid.png
    BTC is currently consolidating in a symmetrical triangle. Soon BTC will have to decide to breakout (purple scenario) or breakdown (red senario).

    Personally I think the red scenario I more probable because of the coming uncertainty in the stock market due to the coming elections. Usually the stock market have a drop towards the elections; and as you know the stock market is highly correlated with BTC .

    For the breakdown I expect a price target around 9000 - 9205$. But for this to occur the local low at 10150$ needs to be broken first!
     
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