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OLD-BOY
Jan 12, 2021 12:26 PM

Bitcoin pullback to $20k Short

Bitcoin / TetherUSBinance

Description

With the Biden win being concreted (it seems) the DXY has changed momentum to the upside. Retracements in XAG and XAU have already begun and BTC will be no different. We should also head back down to test 20k as support before heading back up. So all eyes on DXY and the events in USA and with no other fundamentals i can see a couple months of bear market for BTC while she tests support and consolidates for the next move up to $46,000 area.
Comments
importantCode12562
good analysis
OLD-BOY
peterk87
Good analysis, it would also confirm a head and shoulders formation.
OLD-BOY
@peterk87 cheers peter! Time will tell
Friendfred
so wrong
OLD-BOY
@Friendfred, thank you for your helpful input
slammersam1
couldn't of been more wrong
OLD-BOY
@slammersam1 you obviously can’t read a chart! Where is my short point? Slammersam is a complete pillock
slammersam1
???????????
slammersam1
ok you knob
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