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

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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?

٦ نوفمبر

تم فتح الصفقة

Maintaining shorts on some price rejection currently.

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ملاحظة

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.

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ملاحظة

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.

٩ نوفمبر

ملاحظة

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.