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Bitcoin
Short

Am I crazy enough to short bitcoin?

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Ok, so shorting the fastest appreciating asset on the planet isn't for the faint of heart. But hear me out. We are currently on an uptrend across multiple timeframes, BUT, we are getting real extended on the 4hr TF. We're approaching our key resistance level at $9200, and we haven't seen any sort of pullback on the 4hr TF. So, I'm thinking there is a top fishing play here. Risk is real small. Short as we are approaching $9,200 (assuming we do so without a pullback) and cover on the 4hr pullback. We'll make a higher low, and flip that ishhh and go long! Happy trading!
Lucron
Bitcoin (Cryptocurrency)Chart PatternscryptoCryptocurrencyTrend Analysis

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Bitcoin (Cryptocurrency)Chart PatternscryptoCryptocurrencyTrend Analysis
Lucron

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.