BitcoinShort
BTC downtrend continuation after bounce - Playing on mstr...
Seeing a lot of confirmations on the volume pattern, reaching back to previous support and dropping. Seeing wicks of about 500 to send it back to previous support acting as resistance and wicking out about the same at the top in the trend before continuing down.
I'll look for confirmation of the bounce, and take profit on my mstr shorts, may look to scalp longs for mstr until I have confirmation of a reversal or I get confirmation of downward continuation. Then i'll put again targeting the 73 level.
Of note, this may be exactly what the administration was waiting for in order to go in on BTC. So at some point they may say "thats low enough" and they will announce strategic reserve and it will rocket again. And i'll go long again.
I am not a professional trader, or an advisor, this is just a doodle and i like math.
I'll look for confirmation of the bounce, and take profit on my mstr shorts, may look to scalp longs for mstr until I have confirmation of a reversal or I get confirmation of downward continuation. Then i'll put again targeting the 73 level.
Of note, this may be exactly what the administration was waiting for in order to go in on BTC. So at some point they may say "thats low enough" and they will announce strategic reserve and it will rocket again. And i'll go long again.
I am not a professional trader, or an advisor, this is just a doodle and i like math.
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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.