BITCOIN: VERY SMALL SHORT
Updated
BTCUSDT has been on a WILD RIDE lately
We have formed a triangle after the recent uptrend, I think we are having a false breakout right now and we are gonna close below this triangle.
I'm mostly counting on massive selling pressure from the people that have been underwater for a while (those that bought at above 30K on the previous run.
Then some more consolidation before we can move in any direction with some conviction.
This is a SHORT TERM SHORT, meaning I don't plan to hold this for much longer, just catch most of the move down...
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL A TRADER CAN HAVE
We have formed a triangle after the recent uptrend, I think we are having a false breakout right now and we are gonna close below this triangle.
I'm mostly counting on massive selling pressure from the people that have been underwater for a while (those that bought at above 30K on the previous run.
Then some more consolidation before we can move in any direction with some conviction.
This is a SHORT TERM SHORT, meaning I don't plan to hold this for much longer, just catch most of the move down...
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL A TRADER CAN HAVE
Trade closed: stop reached
That went way up!
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