BitcoinShort
A punt for the bearsish outcome
Updated
Looking at a final rejection of the Bollinger Band centre, around 47.9k-48k. Tight stops here are crucial, if this is indeed a range/bull trap, this trade could prove lucrative and further add to a bearish bias.
DONT bank on it, with the current momentum may push it well up past this stop, but the dance with 48k is what really matters here.
Entering with a small portion as this is more gamble than trade, but worthy risk for it here imo. stoplossSTOPLOSSstoploss
Either way, the outcome of the next 24-48 hours will say alot about the rest of Q4 imo. If 48k is reclaimed and held, that's my bullish flip, if not -- see my deadcat bounce chart.
Goodluck (:
DONT bank on it, with the current momentum may push it well up past this stop, but the dance with 48k is what really matters here.
Entering with a small portion as this is more gamble than trade, but worthy risk for it here imo. stoplossSTOPLOSSstoploss
Either way, the outcome of the next 24-48 hours will say alot about the rest of Q4 imo. If 48k is reclaimed and held, that's my bullish flip, if not -- see my deadcat bounce chart.
Goodluck (:
Note
Short has been entered, lets see what happens on the daily open!
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