My Guide To Shorting Bitcoin.
I am sharing my first idea and am very curious about the community's opinion and reaction. I am planning to short two possible 1-hour resistance levels. A downward ladder is created, as visualised by the red dots on the chart. My plan is to short the resistance level and create a new ladder point in this trend. I am choosing this point instead of a higher level, which is also a possibility, because this short will protect the leg created on the daily time frame. Which level I choose is yet to be determined. This depends on the risk I am willing and able to take. During my technical analysis, I only make use of horizontal-levels and trends. I never use any indicators. I work with tight stop-losses and high leverage so this trade is meant for scalping.
Let me know what you think. I'm open for feedback and discussion. If something is unclear or you want to know more about my way of thinking, don't hesitate to send me a message.
Greetings,
BoerClaus.
BTCUSDTPERP
Let me know what you think. I'm open for feedback and discussion. If something is unclear or you want to know more about my way of thinking, don't hesitate to send me a message.
Greetings,
BoerClaus.
BTCUSDTPERP
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