BitcoinShort
Low Volume BTC Bounce Sets up Short Entry
While the long term bull trend in BTC remains intact, we are at an interesting point running into resistance on low volume buys. Opening short at ~1115 and adding at to short at ~1175 (if it gets there) offers good risk/reward betting on the continuation of a new and interim bear trend that may have started on Mar 11th with the rejection of the ETF.
Diversifying into leading alts will likely be as profitable as a short position on BTC assuming this plays out.
Diversifying into leading alts will likely be as profitable as a short position on BTC assuming this plays out.
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.