BitcoinShort
Bitcoin Trend Channel
As things stand, Bitcoin has reached the top of a trend channel with key resistance noted at $34,200.
The trading idea is to short Bitcoin with a view of the price decreasing towards 30,000 over the next 3 weeks.
If successful, enter a new long trade at 30,000 while taking profit on the short trade from the current market price of 37,822.
The trading idea is to short Bitcoin with a view of the price decreasing towards 30,000 over the next 3 weeks.
If successful, enter a new long trade at 30,000 while taking profit on the short trade from the current market price of 37,822.
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.