My Short-Term Position on Bitcoin - Short towards $7,500.
I think before we get another rise in the price of Bitcoin, we should get a pullback towards $7,500. Especially if price remains under the $8,100 resistance and breaks the lower part of the channel (indicated in green trendline) downwards.
I am still watching the price action before getting into this trade but this is my setup and feel free to contact me if you have any questions.
Note: entry and exit doesn't have to be perfect.
Screenshot of 4H Timeframe:
I am still watching the price action before getting into this trade but this is my setup and feel free to contact me if you have any questions.
Note: entry and exit doesn't have to be perfect.
Screenshot of 4H Timeframe:
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.