BTC/USDT approaching an area where we could short from.
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My aim with BTC will be to short where there is a chance for a trendline break on support. We have been aiming higher as of late but momentum in my view will stall at around $49,000 to $51,000. I will monitor the price from now till our potential price movement up to $50,000.
My suggested short position initiations are on screen. A position can be initiated in the next 24-72 hours.
This is not financial advice, please consider your own Due Diligence and Risk Management.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.