Averaging short in 5300. Very risky operation.
Investors entering with short positions should be careful with the possibility that these last day moves are a false bearish break.
In the last few days we have opened short positions in several futures of the blockchain sphere for the next 2 months. Our target for Bitcoin -5.65% in January/February is 3,000 to 2,000 dollars.
The triangular pattern that BTC -5.65% crossed bearishly had a volatility of 2300 points, so the first bearish trend that Bitcoin -5.65% should have is 6000 minus 2300. The result is 3700, and if the price falls from its 3400 support level , 1 BTC -5.65% could cost around $2,000 in January-February 2019.
The most likely scenario is that Bitcoin -5.65% will fall to its support lows, with the MM210 on the weekly chart being its strongest resistance. We will not be in an uptrend until the price is > MM70 which is > MM210, with both MM being bullish . For that situation, we could easily wait until 2020.
Investors entering with short positions should be careful with the possibility that these last day moves are a false bearish break.
In the last few days we have opened short positions in several futures of the blockchain sphere for the next 2 months. Our target for Bitcoin -5.65% in January/February is 3,000 to 2,000 dollars.
The triangular pattern that BTC -5.65% crossed bearishly had a volatility of 2300 points, so the first bearish trend that Bitcoin -5.65% should have is 6000 minus 2300. The result is 3700, and if the price falls from its 3400 support level , 1 BTC -5.65% could cost around $2,000 in January-February 2019.
The most likely scenario is that Bitcoin -5.65% will fall to its support lows, with the MM210 on the weekly chart being its strongest resistance. We will not be in an uptrend until the price is > MM70 which is > MM210, with both MM being bullish . For that situation, we could easily wait until 2020.
