plexlab-trades

My unbiased opinion on $BTC through Q1

Long
BINANCE:BTCUSD   Bitcoin
In this video I breakdown the trajectory of Bitcoin. Everyone is talking about a bear market, but when you're trading in markets with such high volatility you have to, as they say, ZOOM OUT. Seriously though, were due for a move down into the $40,000-$41,000 price range over the next week. From there I suspect we make a move for a new high of around $80,000. Something I think is important to note is that the fed is likely to raise interest rates at the end of Q1. When that happens, be prepared for a 50% move downward. 2nd or 3rd week of March I would start averaging out my sell orders and tightening stop loss. If you are planning to short Bitcoin into the grave you're going to have to wait another 12 weeks.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.