Keeping it simple. Unconfirmed bearish divergence on the weekly, but with no higher high - it's a common sense trade to short at what seems like a long-shot position for BTC to surpass 10K in the coming weeks. Zoom out. It's nearing the top of the major trading range - why long here? Wait for pullback to heart line and then long again. Also, 61.8 was hit, why continue holding this? Good luck everyone. DISCLAIMER: I DO NOT OWN ANY BITCOIN
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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.