BTC ❗ SHORTING Here gets you REKT
Updated
Hi Traders, Investors and Speculators of Charts📈📉
The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains.
When BTC trades range, many traders get shaken out (a term that implies "wicky" price action where stop loss gets triggered). A better bet for the moment is to focus on smaller cap altcoins that have much more upside potential and better risk reward setups at the moment than taking a short on Bitcoin.
Check out these coins instead of trying to trade Bitcoin whilst it is in range trading:
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CryptoCheck
BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD
The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains.
When BTC trades range, many traders get shaken out (a term that implies "wicky" price action where stop loss gets triggered). A better bet for the moment is to focus on smaller cap altcoins that have much more upside potential and better risk reward setups at the moment than taking a short on Bitcoin.
Check out these coins instead of trying to trade Bitcoin whilst it is in range trading:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD Note
Even as BTC trades higher today, I wouldn't advice a LONG either... rather focus on altcoins with better risk-reward setups than BTC right now.
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