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Historically Bitcoin goes into correction after passing the EMA 20 and touching upper resistance levels. I see this trend continuing. This is Bitcoin on logarithmic scale and ass you can see it hasn't done either of those two things yet. I think $7000 in the next couple of days then we can start looking to re-enter at a lower level. Maybe convert to $ or take profits but i wouldn't ever recommend shorting.
Good luck and happy trading.
Historically Bitcoin goes into correction after passing the EMA 20 and touching upper resistance levels. I see this trend continuing. This is Bitcoin on logarithmic scale and ass you can see it hasn't done either of those two things yet. I think $7000 in the next couple of days then we can start looking to re-enter at a lower level. Maybe convert to $ or take profits but i wouldn't ever recommend shorting.
Good luck and happy trading.
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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.