Important View: What Will Happen To BTC Now Trump Is President?

Updated

Bitcoin has rallied significantly creating new highs as Trump has won votes around the US in the election.

This was expected as he is more or less a signal of economic growth and a risk on environment.

But, what's next?

Trade active

Maintaining shorts on some price rejection currently.

Note

Bracing for FED Meeting. Any rhetoric that does not support BTC bull case (Risk Off) may cause pulls. Would certainly be on your PC or phone around meeting / meeting comments time.

Note

Notice how BTC strength has stalled as Election priced in. FED meeting also reflected some economic stability but no major push.

Holding short bias still.

Note

Awaiting negative sentiment for pull down. Nothing from China Economy uncertainties, looks unlikely from FED unless we see a big change next week.

Reason for short hold is just because you have already had a signif rise/BTC trump effect initially priced in.

WillSebastian

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Posts Not financial advice.

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