Short XBT Bitcoin still bearish. Simple Regression Trend.
SHORT
Assuming continued bear market.
Regression Trend Line is in the center. No signs of reversal yet until XBT can break $4140 (previous high since the $3200 bottom) and continue to make higher highs.
Until then I am SHORT for all prices above $3300.
Long positions of XBT will become enticing in 4H oversold time frames on the RSI and crossing over on the MACD while also trending 5-10% under the center regression line. Sitting on the sides with USD until then.
Again, if BTC pumps and reaches $4140, that means position reevaluation is needed. Bearish.
Assuming continued bear market.
Regression Trend Line is in the center. No signs of reversal yet until XBT can break $4140 (previous high since the $3200 bottom) and continue to make higher highs.
Until then I am SHORT for all prices above $3300.
Long positions of XBT will become enticing in 4H oversold time frames on the RSI and crossing over on the MACD while also trending 5-10% under the center regression line. Sitting on the sides with USD until then.
Again, if BTC pumps and reaches $4140, that means position reevaluation is needed. Bearish.
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