Bitcoin-short
BTC - SHORT - SWING----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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Bitcoin (BTC) still on a down trend - Short or stay outIf you are thinking about buying BTC, I would wait a bit.
Bitcoin is still on a downtrend and it is not showing any sign of strength yet on the daily chart.
So if you want to invest or trade it LONG for mid to longer term, I would just wait until it at least closes above the green trend line.
From there you could target the BLUE trendline as a TP zone.
Personally SHORT BTC right now on my Trend Following 1D strategy.
BITCOIN Will Fall! Short!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
Like and subscribe and comment my ideas if you enjoy them!
The best scenario for Bitcoin analysis in the MID termThe best scenario for Bitcoin analysis in the MID term is that the downward trend will continue
But now, if the price support above the $22,000 area and observe pressure from buyers ,
The price has the potential to rise to $25,000 resistance and then fall to new lows
Or if observe seller pressure and the $20,800 support breaks to the down and then we experience a fall to lower levels.
Short Term Ascending WedgeThis is only from the begining of July, so a relatively short term pattern but it does seem to have supports and resistances confirmed as a trend and not as fixed levels. Usually an ascending wedge like this will break down before it reaches it's apex, in this case we are getting close to a breakout point