As a very opptimistic on the Crypto Assets (and even more on BTC), I am not really into short on those assets, but here we have a short opportunity for a corrective move (still very strong bullish on the long term for me regarding technical and fundamental aspects).
About the setup we have here :
On the daily timeframe we can see a very extended price and then a clear rejection of the $38.000 round level with a great fake-out and absorption of the price by the sellers. So what we are looking at can probably be a stop hunting to fill into the liquidity and move the price lower now (by the big hands).
This is not a short trade signal mainly but can also be a warning for the long positions to exit a little part by taking some profits (we will have other levels to enter for more long).
Great Trade !
About the setup we have here :
On the daily timeframe we can see a very extended price and then a clear rejection of the $38.000 round level with a great fake-out and absorption of the price by the sellers. So what we are looking at can probably be a stop hunting to fill into the liquidity and move the price lower now (by the big hands).
This is not a short trade signal mainly but can also be a warning for the long positions to exit a little part by taking some profits (we will have other levels to enter for more long).
Great Trade !
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.