Look on bitfinex on the Eur. The price already hit the 100 hourly MA. Volumes were also huge.
On bitmex the max price of BTCUSD was 7028, while on Kucoin it never rose above 7000 (the max was 6995).
I do not want to do any endorsement for good and bad exchanges, but just look at the levels.
Remember that exchanges have full visibility of your stop losses, so always be conservative with leverage and levels!
This is the proof that the direction is down, and these levels are great to open the short, if not opened yet
On bitmex the max price of BTCUSD was 7028, while on Kucoin it never rose above 7000 (the max was 6995).
I do not want to do any endorsement for good and bad exchanges, but just look at the levels.
Remember that exchanges have full visibility of your stop losses, so always be conservative with leverage and levels!
This is the proof that the direction is down, and these levels are great to open the short, if not opened yet
Note
6600 support (in usd) proved to bevery strong . The price used it to jump to above 7k levels, breaking a descending trendline that held for 1 month. Now the price is consodiidating above 7k, giving the (false?) impression that the trend will be higher, but we still didn-t break throught the 7200 level. I saw this too many times :)Still think of a downward leg before the halving.
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Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
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.