I don't like shorting bitcoin, because y'know, you get short, then it rallies $1,000 in one 15-minute candle. Kinda scary ...
However, we have a potential setup to short or exit longs and rebuy lower, IF, btc follows this fractal taken from March.
What's in favour of the fractal playing out?
It remains a traders market. No clear trends. Quick in & out and ensure that risk is managed is the right way to play it.
However, we have a potential setup to short or exit longs and rebuy lower, IF, btc follows this fractal taken from March.
What's in favour of the fractal playing out?
- Still a lot of bulls, longs are high and max pain would be to the downside
- Still a lot of bears, whipsaw up to 9k would take a lot of those guys out too
- Resistance at 9k (the 9-10k range was a wide distribution area)
- Support at 7k. (The 6.5k - 7k range was a wide accumulation area)
It remains a traders market. No clear trends. Quick in & out and ensure that risk is managed is the right way to play it.
Nota
Edit: MA positions are bearish. Downtrending MAs suggest continuation down. Volatility also hots up as price declines so it gets harder to trade unless you ninja on the stops and limitsPenerbitan berkaitan
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.
Penerbitan berkaitan
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.