Short
BTCUSD Bulls are weakening - short term shorting opportunity
Aktualisiert
We have been stuck far too long in this sideway movement with bears constantly trying to pull BTC down. Meanwhile, there are still no significant push up to bypass the resistance area for the past few days by the bulls.
My plan today is to take a short position close to the top green resistance area all the way down to bottom yellow support channel (both marked by arrows). From then on I might consider holding my short all the way down to the strong support area (58800 - 59600), or switch back to long back towards the strong resistance area (or if bull starts pushing, up to 63100).
I dont see any potential whiplash up atm unless fresh new rumor hit us later on today. There is bigger chance for BTC to drop down for the time being as we still have not seen any significant changes towards the upward pressure.
Huge chance to go sideways with very short up and down movement. If you are doing day trading, this might be your golden moment.
Thanks for checking my ideas, hope it helps you in someways.
Live long and profit.
My plan today is to take a short position close to the top green resistance area all the way down to bottom yellow support channel (both marked by arrows). From then on I might consider holding my short all the way down to the strong support area (58800 - 59600), or switch back to long back towards the strong resistance area (or if bull starts pushing, up to 63100).
I dont see any potential whiplash up atm unless fresh new rumor hit us later on today. There is bigger chance for BTC to drop down for the time being as we still have not seen any significant changes towards the upward pressure.
Huge chance to go sideways with very short up and down movement. If you are doing day trading, this might be your golden moment.
Thanks for checking my ideas, hope it helps you in someways.
Live long and profit.
Trade ist aktiv
I am still holding my short from 62350, willing to average down at 626xx and 631xx, should it however pass 631xx strongly, we will consider the short a fail
Order storniert
Cancelled a while ago due to stop loss at 63500, sorry i forgot to update it.
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