Valeriia_Top
Long

BTC/USD - Shorts are no longer relevant

BINANCE:BTCUSDT   Bitcoin / TetherUS
Greetings, colleagues!



Two charts above dropped to understand that the situation looks pretty strong on the monthly and weekly TF now. Therefore, taking into account the continuing USDT print, there is no reason to panic at all. The whole beauty of the USDT seal is that you can not let them on the notorious paper futures , the trading volume of which is about 85% of the total bit trading volume .
Locally rolled back to the previous resistance zone , which now became support. There's no panic. We have to keep growing.

Shorts are no longer relevant at the moment. It was just a scalp against the trend, but with a good setapa. The price hit the local support of $9065-9250 and bounced back. It was very appropriate to continue the growth. I hope we will grow a little more from here, but just in case we don't forget about the stops.
Comment:
Comment: update this reminder to put a stop loss.
or maybe it's a fall option.
Comment: new idea:
Comment: update

Comments

here is what I have on btcusd after my MTA
+1 Reply
Valeriia_Top transparent-fx
@transparent-fx, interestingly enough)
Reply
What's the last comment chart update is all about? it shows the potential drop but you've mentioned that shorts are no longer relevant. Can you clarify? thanks
Reply
Valeriia_Top jukeslearning
@jukeslearning, update this reminder to put a stop loss.
or maybe it's a fall option.
Reply
jukeslearning Valeriia_Top
@Valeriia_Top, thank you so much
Reply
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