Short Term Bitcoin Short
I expect the upper trendline to act as resistance.
Bitcoin is oversold on 4H timeframe.
IMO, we will see a retrace to the lower support trendline and push up from there.
If this trade is successful, I will leave some on the table, just in case my doomsday scenario will materialize.
Bitcoin is oversold on 4H timeframe.
IMO, we will see a retrace to the lower support trendline and push up from there.
If this trade is successful, I will leave some on the table, just in case my doomsday scenario will materialize.
Trade active
Order cancelled
Happy to be wrong on this one. First because my major position was a long. Second, because the trade in and of itself was justified. Best wishes
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Related publications
Disclaimer
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.