12 time frame
-
BTC is approaching to the predicted top now, from our previous analysis, that indicated 48k is the top of this bear. However, considering the heated news about ETF, no matter truly or false approved, I think 52500 is the limitation for pump, so this is a proper position to set up a trading plan to short BTC with low leverage.
Here are suggestions for position control:
1. ETF approval
(a) BTC > 48500:
leverage: 30% of total fund
(b) BTC < 48500:
wait for retest 48500
leverage: 30% of total fund
2. ETF rejection
(a) BTC > 48500:
leverage: 40%~50% of total fund
(b) BTC < 48500:
wait for retest 48500
leverage: 40% of total fund
-
BTC is approaching to the predicted top now, from our previous analysis, that indicated 48k is the top of this bear. However, considering the heated news about ETF, no matter truly or false approved, I think 52500 is the limitation for pump, so this is a proper position to set up a trading plan to short BTC with low leverage.
Here are suggestions for position control:
1. ETF approval
(a) BTC > 48500:
leverage: 30% of total fund
(b) BTC < 48500:
wait for retest 48500
leverage: 30% of total fund
2. ETF rejection
(a) BTC > 48500:
leverage: 40%~50% of total fund
(b) BTC < 48500:
wait for retest 48500
leverage: 40% of total fund
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🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)