As someone who lives in a state where you cant short BTC, this opinion Im about to share makes me a little sad.
-BTC is in a large descending triangle, The highs are getting lower and the lows are staying the same. This signals more downward pressure than upwards and is bearish.
-A large head and shoulders pattern is forming right now and after another couple days of uptrend, If we see a break of the higher lows(uptrend) then the Head and shoulders pattern is likely to complete.
These two things, along with many other small factors, point bearish. I could be wrong but here is how im trading it:
-I Down Cost averaged into my buys that are all in the green now
- I have stop losses set at the higher lows that are forming on the alts, and in BTC I have it set atlittle bit below that due to its crazy wicks that form.
-BTC is in a large descending triangle, The highs are getting lower and the lows are staying the same. This signals more downward pressure than upwards and is bearish.
-A large head and shoulders pattern is forming right now and after another couple days of uptrend, If we see a break of the higher lows(uptrend) then the Head and shoulders pattern is likely to complete.
These two things, along with many other small factors, point bearish. I could be wrong but here is how im trading it:
-I Down Cost averaged into my buys that are all in the green now
- I have stop losses set at the higher lows that are forming on the alts, and in BTC I have it set atlittle bit below that due to its crazy wicks that form.
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.