BTC Short
Updated
Price has been trending down for the past week, broke support at ema 55.
Short until 8850, then it might bounce back up.
Bearish divergence on stoch rsi that I missed earlier because I'm bad at trading.
Short until 8850, then it might bounce back up.
Bearish divergence on stoch rsi that I missed earlier because I'm bad at trading.
Note
I am switching to XBTUSD since most of my calls are Short / Long and most traders will be using bitmex to do this.The start of a price movement has the least investors buying in while the peak of a price movement has the most buying in. I encourage you to find your own price movements before ideas are posted. I am not that good of a trader and this is just a hobby for me. You should seek to validate my ideas yourself before buying in.
BTC bounced off 8870 a previous support at a dip but has failed to rally above the trend line.
Bigger picture:
In my opinion it will fall back to 8860 and if it doesn't find support once again should confirm that it will fall to 8500.
Note
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.