BTC, support turned resistance. Time to short this rising wedge
Volume is declining, price is rising into rising wedge, the 9200 area has turned from support into resistance and it's about to dump. Next major support around $8800, then $8400.
Easy short.
Good luck. Place stop loss above the recent high at 9500 area.
Easy short.
Good luck. Place stop loss above the recent high at 9500 area.
Trade closed: stop reached
stopped out very quickly. Bulls reclaimed the 9200 support area. BTC will probably range here for a while as btc dominance falls and the alt market has a mini bull run- which only happens when btc is moving sideways/ranging.on to the next trade.
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.
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.