Bitcoin- where to short next
If you follow my last bitcoin update you can see that I am long since my $6174 call.
In next few weeks I will be looking where to short next.
There are two scenarios.
One is that we see a rejection of the short-term downtrend line, right around $7100.
If this level drops, I would likely short bitcoin from $6950, looking for a long around $5480.
If $7100 holds with good momentum, I will be looking for the $7800 to open a new short position, looking for a long in the $5800 area.
Let's see how this plays out! Good luck everyone!
*btw -
In no way am I a professional trader. Take everything (even top TV posters) with a grain of salt and always use your own judgment when opening a trade.
In next few weeks I will be looking where to short next.
There are two scenarios.
One is that we see a rejection of the short-term downtrend line, right around $7100.
If this level drops, I would likely short bitcoin from $6950, looking for a long around $5480.
If $7100 holds with good momentum, I will be looking for the $7800 to open a new short position, looking for a long in the $5800 area.
Let's see how this plays out! Good luck everyone!
*btw -
In no way am I a professional trader. Take everything (even top TV posters) with a grain of salt and always use your own judgment when opening a trade.
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