BTC 1H is a possible scenario for a short-term shortYesterday's move was ineffective = wrong from TA point of view
CT participants were too hasty to switch to bullish mode, going long from the tops.Renewal of local highs may become a trigger for searching for shorts with a small position volume.
Targets: $80,867, $80,061, $79,381, $78,788.
On a separate note: we are talking about the short-term. On high timeframes (1D-1W) this scenario does not carry weight. The margin size is below standard.
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.