The recent sell-off in the crypto market gave us the first hint for a short term trend reversal. From a technical perspective, the price is looking for a lower high, which would confirm this scenario.
I expect the BTCUSDT price to push towards the $71.2k price before we see another strong rejections and profit taking.
The long-side of this trade is accounted with more risk, compared to a short position at this mentioned price level.
I will keep this idea updated, so please feel free to share your thoughts in the comments and boost this idea if you agree with it.
Ares
I expect the BTCUSDT price to push towards the $71.2k price before we see another strong rejections and profit taking.
The long-side of this trade is accounted with more risk, compared to a short position at this mentioned price level.
I will keep this idea updated, so please feel free to share your thoughts in the comments and boost this idea if you agree with it.
Ares
Note
CHANGE OF STRUCTURE: Expect lower highs for the next weeksTrade closed: target reached
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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.
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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.