Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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One of my least favourite market clichés is “healthy correction”. Why exactly is it ever good for your health to lose money? And how do we know when a market is “correct”? Christmas is coming and cash will be needed, expecting some major profit taking here in these uncertain days that we live now, and new US president maybe... -6666.00 $ from the current level by January 2021 in about 222 bars on 8H timeframe taking us at major support level 5810$. Expectation of bigger drop for altcoins such as Etherum, Litecoin Ripple... and so one nothing will be safe if this path follows. Of course course of trend might change at any time and you need to watch it yourself as this idea will not be updated. Just sharing this to see your thought and opinions on this, so waiting your comments if you have time.
Take care and analyses your portfolio, will help you to mitigate risks through adequate diversification. Good luck and happy trading.
@DanielLt, Is too strong, I see it bellow 2K by 2021 August... should have not touch 13K.. now will crash, idea is wrong, should be 1.5K by August 2021 :)