Bitcoin / TetherUSShort
Waiting for a correction! But carefully.
The market has become very tough. Professionals are playing. I remember how 10 years ago movements were like by the book. Now - a huge amount of false moves and traps. For everyone who is not a pro and without experience - I do not advise to short. Better to sit on the sidelines, you'll be safer.
Daily Market Sync 🔄
What do we see now?
Bitcoin tried to update the support level. The buyer held, but the nature of the movement has noticeably changed. There are no longer crazy purchases on every move down. There is a tightening to the support level, which increases the chances of a correction.
If you look at the daily chart, there is not even a hint of a turnaround for Bitcoin. All movement is currently within the framework of local consolidation.
A correction to 48-49 would be a very healthy and technically beautiful movement within the developing bullish trend.
BUT, the market remains too nervous. Too many weak hands remain in the market, against which the pro plays. The latter will shake the market, play dirty and ugly, to take out as many passengers from the market as possible, so I can easily imagine another move to somewhere in the 53-54 area.
If that happens, I'll take a small short there with a 1 to 1 leverage :)
So far, those are the plans. And how do you trade? Share your ideas in the comments.
Daily Market Sync 🔄
What do we see now?
Bitcoin tried to update the support level. The buyer held, but the nature of the movement has noticeably changed. There are no longer crazy purchases on every move down. There is a tightening to the support level, which increases the chances of a correction.
If you look at the daily chart, there is not even a hint of a turnaround for Bitcoin. All movement is currently within the framework of local consolidation.
A correction to 48-49 would be a very healthy and technically beautiful movement within the developing bullish trend.
BUT, the market remains too nervous. Too many weak hands remain in the market, against which the pro plays. The latter will shake the market, play dirty and ugly, to take out as many passengers from the market as possible, so I can easily imagine another move to somewhere in the 53-54 area.
If that happens, I'll take a small short there with a 1 to 1 leverage :)
So far, those are the plans. And how do you trade? Share your ideas in the comments.
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