short on BITCOIN
hi friends
By losing the $29,500 area, Bitcoin has provided opportunities for short trades.
One of these trading positions is in the $26,900 range, which is highlighted on the chart.
Since the 21-day moving average has been placed above the price in daily and 4-hour times, this has increased security for sell positions.
The price decline is expected to continue to the $27,000 support area, but since my trading strategy is set on the third target, you can see the short position signal up to $28,570 on the chart and you can follow the position to the lower targets at your own risk.
By losing the $29,500 area, Bitcoin has provided opportunities for short trades.
One of these trading positions is in the $26,900 range, which is highlighted on the chart.
Since the 21-day moving average has been placed above the price in daily and 4-hour times, this has increased security for sell positions.
The price decline is expected to continue to the $27,000 support area, but since my trading strategy is set on the third target, you can see the short position signal up to $28,570 on the chart and you can follow the position to the lower targets at your own risk.
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