Bitcoin / TetherUSUpdated Bitcoin - long and short guideline ( Quick guideline)
I prepare 2 scenarion for both short and long
we can see that now BTC forming inverse H&S pattern with the neckline around 47K
1. LONG - I would give an advice to wait for it to retrace to wave 2 and put the long on
2. SHORT - Just short it here and put the stoploss around 47.6 K will be good to go
- another option is wait for SHORT around 48.5-50K area and that would be massive profit if we can make it
Don't forget to use low leverage since the market is super crazy now
BTCUSDT
we can see that now BTC forming inverse H&S pattern with the neckline around 47K
1. LONG - I would give an advice to wait for it to retrace to wave 2 and put the long on
2. SHORT - Just short it here and put the stoploss around 47.6 K will be good to go
- another option is wait for SHORT around 48.5-50K area and that would be massive profit if we can make it
Don't forget to use low leverage since the market is super crazy now
BTCUSDTNote
I mean for short Short at wave 1 currentprice is 46.8K and take profit at wave 2
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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.