฿ Bitcoin BTC/USD Daily Video, October 26, 2020

[Sive Morten]

Good morning,

Markets across the board start preparations to election turmoil. In a case of D. Trump victory BTC probably will show minor apocalypses. But to take position in favor of J. Biden, we could consider few levels:

 

[leo4fx]

Hi Sive,
I'm curious about your opinion on current developments on the BTC markets.
My objective is to find a entry for a long position. is 12000 still on the table or is the current decent too fast ?
Regards
Leo

 

[Shaun89]

I think you might be better looking at the $12.5k level personally.

 

[Sive Morten]

Hi Sive,
I'm curious about your opinion on current developments on the BTC markets.
My objective is to find a entry for a long position. is 12000 still on the table or is the current decent too fast ?
Regards
Leo

Hi Leo, Indeed, I've missed a bit as DRPO has failed, market was able to set another top before reversal. But now "run into quality" is started across the board, so, retracement might be deeper still. Current moment around elections is very tricky and we should be ready for surprises of different kind.