I have entered short.
I went short because BTC was lining up at major resistance around $84K. It was hitting the 300MA, RSI was oversold, and MACD was starting to show divergence. On top of that, volume was weakening near resistance, and there was a huge wall of sell orders stacking up. All signs pointed to a solid short setup.
I expect a new all time high later this year after that area o support has been tested.
I went short because BTC was lining up at major resistance around $84K. It was hitting the 300MA, RSI was oversold, and MACD was starting to show divergence. On top of that, volume was weakening near resistance, and there was a huge wall of sell orders stacking up. All signs pointed to a solid short setup.
I expect a new all time high later this year after that area o support has been tested.
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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.