Short term bearish on BTC -> target CME GAP at $10,800 - $11,000
Daily chart is showing signs of momentum weakness + as a contrarian the moon talk is too high and global risk is too high coming into the US election.
Looking for a dip to shake out some longs before a definitive attack on the big resistance at $12,000. Don't be dismayed to see this drop like its hot.
To be clear I am very long term bullish but wouldn't trade here on leverage or take a long position. I would not short it ether. Be patient and await the setup.
THIS IS NOT TRADING ADVICE, Please make your own decisions.
Looking for a dip to shake out some longs before a definitive attack on the big resistance at $12,000. Don't be dismayed to see this drop like its hot.
To be clear I am very long term bullish but wouldn't trade here on leverage or take a long position. I would not short it ether. Be patient and await the setup.
THIS IS NOT TRADING ADVICE, Please make your own decisions.
Trade active:
Short opened at $11,925
Trade closed: stop reached:
Closed short - chance of a another attempt at $12k with possible stimulus package still on the table. Drop may wait until next week. May get through the house but not the senate