Two short term possible scenarios for BTCUSDT.
From the pullbacks in BTCUSDT prices now I have observed two possible scenarios about what Bitcoin will do next.
People who have open long positions in the negative now can square off their deals with minimum loss if the price really go as we have seen in the chart after retesting the trend line. But, for the safer side never forget to use Stop loss because the market is being much volatile and prices may vary with huge variations as different kind of news comes up from everywhere hitting the market.
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P.S.- This just for analysis purpose.. not for any investment advice.
People who have open long positions in the negative now can square off their deals with minimum loss if the price really go as we have seen in the chart after retesting the trend line. But, for the safer side never forget to use Stop loss because the market is being much volatile and prices may vary with huge variations as different kind of news comes up from everywhere hitting the market.
-
P.S.- This just for analysis purpose.. not for any investment advice.
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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.
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.