Retail traders expecting bullish BTC ahead of elections
According to the CBOE COT report, most non-reportables (aka retail traders) are expecting bullish results in the coming days/weeks.
This is opposed to the positions of hedge funds, who are hedged neutral, likely expecting a bearish response to buy into dips later on.
A likely fakeout of the triangle will lead to a price around 64.9k, which is a decent 5% correction from current levels.
This is opposed to the positions of hedge funds, who are hedged neutral, likely expecting a bearish response to buy into dips later on.
A likely fakeout of the triangle will lead to a price around 64.9k, which is a decent 5% correction from current levels.
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