So we've heard the news. What's going on and why are people going short?
Well, the charts just look like it, if they have any personal reasons you should ask them ;) But don't forget BTC is totally different than any other asset.
There are a few "options" when it comes to both long and short. So make sure to DYOR before setting up trades.
Short
When we talk about the short they're going for; If the KST crosses down over 0, then hold your horses in the next upcoming days! With another confirmation of the price crossing the yellow line it looks to be an interesting month ahead!
Long
But this is bitcoin! And what else than to expect a short squeeze and see the price rise instead! What price are we expecting before the end of the year?
Assuming we see the short squeeze it's not going to have a huge impact on itself. We'll most likely see it move above the uptrend (which is important) but the biggest historical squeeze has been on 2-jun-2020 with a price increase of "only" 10%.
My expected bitcoin value for the long option is $16.000 - $18.000, just short of the $20.000 ATH.
Well, the charts just look like it, if they have any personal reasons you should ask them ;) But don't forget BTC is totally different than any other asset.
There are a few "options" when it comes to both long and short. So make sure to DYOR before setting up trades.
Short
When we talk about the short they're going for; If the KST crosses down over 0, then hold your horses in the next upcoming days! With another confirmation of the price crossing the yellow line it looks to be an interesting month ahead!
Long
But this is bitcoin! And what else than to expect a short squeeze and see the price rise instead! What price are we expecting before the end of the year?
Assuming we see the short squeeze it's not going to have a huge impact on itself. We'll most likely see it move above the uptrend (which is important) but the biggest historical squeeze has been on 2-jun-2020 with a price increase of "only" 10%.
My expected bitcoin value for the long option is $16.000 - $18.000, just short of the $20.000 ATH.
Learn from mistakes and get better. Trade at your own risk
