Bitcoin / TetherUSShort
Great R/R short opportunity
Bitcoin currently at intraday resistance, weekend volume low as usual.
The weekly chart shows that we are still at the macro resistance for this downtrend, but possible that the weekly body closes above this resist which would be bullish for BTC.
Building a short position looks like the best option at this moment, price moving up creating bearish divergences.
The weekly chart shows that we are still at the macro resistance for this downtrend, but possible that the weekly body closes above this resist which would be bullish for BTC.
Building a short position looks like the best option at this moment, price moving up creating bearish divergences.
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Related publications
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.