BTC | INITIATE SHORT ON THE HOURLY
Initiating Short.
Reasons:
1.1H 50 & 100 SMA death crossing the 200
2.Lack of a bull case scenario
3.Since June, the last 8 times this has happened has resulted in actual price drops. No fakes.
Will keep you all updated.
Reasons:
1.1H 50 & 100 SMA death crossing the 200
2.Lack of a bull case scenario
3.Since June, the last 8 times this has happened has resulted in actual price drops. No fakes.
Will keep you all updated.
Note
closed short position @ 8111. locked in gains. BOOM.Note
support level of 7700 very likely by next week.
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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.