BitcoinShort
BTC/USD - Downtrend Channel is Too Strong!
As you can see in my chart we're clearly following a downtrend channel in the short-term. Overal scenario is pretty bearish. Market sentiment is definetly at a pretty low point - lower than the one we had when we crashed to 6,000. It's obvious right now the crypto bubble is finally popping and we have a long way to go down. How low can we go? Hard to say. Personally i see the 4,000 range as our true bottom, but we might not have to go that low.
As I've said in my last posts, I'm shorting from the 8,400 range, and doing some scalps in the meantime. If I had no shorts open yet, I'd be happy to short between 7,900-8,900 with a low-ish leverage and a loose stop-loss.
As I've said in my last posts, I'm shorting from the 8,400 range, and doing some scalps in the meantime. If I had no shorts open yet, I'd be happy to short between 7,900-8,900 with a low-ish leverage and a loose stop-loss.
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