BitcoinShort
BTCUSD SHORT
Selling BTC at 13k seems a bit oversold in my opinion this is going to be a big level. The last time this level was hit was 16 months ago which means people are looking at this area and liquidation may happen. With the US election coming closer and a final presidential debate happening in 24 hours, things are going to get volatile. Last debate the markets were rather calm but it is the final one so it is a different ball game. I believe people will run to cash since a second wave has hit the major western countries and instead of investing and worrying about 5-10-year investments they will be looking to get tinned food and other products. You can't buy most real-life products with bitcoin... YET! Riots will happen either way whether Trump or Biden wins. If Trump wins the riots, violence and mayhem will be a lot worse. If Biden wins the same will happen but at a lower scale in my opinion. My Stop Loss is above the recent 13k highs which seems like a level that will not be hit unless another wild $1000 moves happen for 2 days in a row. My Fib Extension Has Been Pulled Out! 13,200 is the 1.618 Extension Which Has Been Wicked Off Nicely. Another Good Confirmation That Price Is Exhausting.
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