The market plunged as all the major tokens declined, and the largest fall reached 30%. The whole market was panic. BTC once dropped to $5,555 and touched the lowest point for the recent 5 months. Even now the market has risen back by a few, the short term market has been shocked. It needs time to recover as the downtrend is destined. Shorts has become the main force. From the movement of the 1-hour and 4-hours chart, the MACD was weakened, and the stop-falling signal has not shown up. Long is not available and must be patient.
We have mentioned several times that hedge is important in this case. If you have no idea about how to hedge your Bitcoin trading, BitOffer should be your first choice. If you bought a put options on BitOffer today, it means that when Bitcoin dropped by $2,000, you earned $2,000 with a small budget directly.
We have mentioned several times that hedge is important in this case. If you have no idea about how to hedge your Bitcoin trading, BitOffer should be your first choice. If you bought a put options on BitOffer today, it means that when Bitcoin dropped by $2,000, you earned $2,000 with a small budget directly.
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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.