Bitcoin / TetherUS
Short
Updated

BTC shorts (Rising Wedge)

247
As indicated on the chart. There is a rising wedge being formed on the daily. Confirmation to short would be if the price action breaks the bottom channel of the wedge. BTC likely would short to the former resistance zone turned support.
Note
This is all short-term though... As for the long-term.. BTC is mooning!!

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.