BTCUSD daily candle is forming a reversal pattern with 2 hammer candlesticks. This might be a good time to enter a small Short position (maximum 2% of your capital)
Entry: 208xx - 21xxx
Sl: 216xx
Tp1: 20000
Tp2: 185xx-195xx
Meanwhile, BTC.D is also rising, next resistance is 44%. So Shorting Altcoins is another good option. I have opened a few Short positions on BTC, ETH, and BNB. Will see what happens.
Remember, always trade at your own risk, and never risk more than you can afford to lose.
Entry: 208xx - 21xxx
Sl: 216xx
Tp1: 20000
Tp2: 185xx-195xx
Meanwhile, BTC.D is also rising, next resistance is 44%. So Shorting Altcoins is another good option. I have opened a few Short positions on BTC, ETH, and BNB. Will see what happens.
Remember, always trade at your own risk, and never risk more than you can afford to lose.
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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.
Related publications
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.