BTCUSD Sell Opp

23 Okt 2020

BTCUSD breaking out of the triangle formation to the downside. Plus a head and shoulders formation provides another confirmation. As long as the USD is volatile with elections and stimulus news, BTC will climb. However, the moment that stimulus actually comes out, or Trump is elected(loved by US capitalists and might make economy jump if elected). The USD will strengthen mightily.

23 Okt 2020

Nota

Price currently pulling back to the horizontal structure above. If price rejects this structure and provides bearish engulfing signals to the downside, I'll be scaling my current position.