Two days ago I warned that Bitcoin could fall and since then, the price has lost more than 20%.
After such a dive is normal to expect a correction and this, indeed, is very probable.
However, if you are a short-term trader and you are not a buy-and-hold one, trading against such a strong move is extremely dangerous.
Considering the importance of the break after more than 4 months of consolidation the safest way to trade is to sell rallies.
At this moment 18k-18.5k represents a strong ceiling and in this zone (if is reached) traders should look for selling opportunities.
In my opinion, Bitcoin has not reached the bottom, and a new wave of selling will follow an eventual correction.
After such a dive is normal to expect a correction and this, indeed, is very probable.
However, if you are a short-term trader and you are not a buy-and-hold one, trading against such a strong move is extremely dangerous.
Considering the importance of the break after more than 4 months of consolidation the safest way to trade is to sell rallies.
At this moment 18k-18.5k represents a strong ceiling and in this zone (if is reached) traders should look for selling opportunities.
In my opinion, Bitcoin has not reached the bottom, and a new wave of selling will follow an eventual correction.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.