If you follow my last bitcoin update you can see that I am long since my $6174 call.
In next few weeks I will be looking where to short next.
There are two scenarios.
One is that we see a rejection of the short-term downtrend line, right around $7100.
If this level drops, I would likely short bitcoin from $6950, looking for a long around $5480.
If $7100 holds with good momentum, I will be looking for the $7800 to open a new short position, looking for a long in the $5800 area.
Let's see how this plays out! Good luck everyone!
*btw -
In no way am I a professional trader. Take everything (even top TV posters) with a grain of salt and always use your own judgment when opening a trade.
In next few weeks I will be looking where to short next.
There are two scenarios.
One is that we see a rejection of the short-term downtrend line, right around $7100.
If this level drops, I would likely short bitcoin from $6950, looking for a long around $5480.
If $7100 holds with good momentum, I will be looking for the $7800 to open a new short position, looking for a long in the $5800 area.
Let's see how this plays out! Good luck everyone!
*btw -
In no way am I a professional trader. Take everything (even top TV posters) with a grain of salt and always use your own judgment when opening a 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.