I do not trade bitcoin or any crypto myself, but It is always interesting to analyze the chart, given the way Bitcoin trades.
For those who do trade Crypto, use half of your usual lot size, and monitor the price action constantly.
The technical rational for the move is that those who were long all the way from the lows, will be taking profit, and the short sellers will try to push Bitcoin back into the descending channel. Ride this wave with this short trade.
Tell me if you are trading this setup in the comments and where is your stop-loss.
Guys, please, hit like to support me, it really helps me when you do that!
Wish you luck!
For those who do trade Crypto, use half of your usual lot size, and monitor the price action constantly.
The technical rational for the move is that those who were long all the way from the lows, will be taking profit, and the short sellers will try to push Bitcoin back into the descending channel. Ride this wave with this short trade.
Tell me if you are trading this setup in the comments and where is your stop-loss.
Guys, please, hit like to support me, it really helps me when you do that!
Wish you luck!
Comment:
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