DLavrov

Bitcoin: Short Trades from 19 000$ Resistance

BYBIT:BTCUSD   Bitcoin / U.S. Dollar
The price bounced from 19 000$ and broke the local uptrend line. If we combine these bearish signals with a trend reversal signal based on a bearish divergence, we will have a very nice bearish setup.
Yes, the market has a target at 20 000$, but it doesn't mean that this target must be reached. If the price can't move above 19 000$ and reverses again, we will have an additional bearish signal. Short trades from this resistance will be logical.

The main target for short trade will be 16 000$ support. But also the price will be able to reach SMA200, and 14 000$ support.
Risk per trade must be no more than 5% of the capital.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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Comments

Every short is likely going to get squeezed out until it's well above ATH. I keep telling ya on my posts! Now is not the time for shorts.
+6 Reply
fall is needed like a breath of fresh air.
+3 Reply
Unbelievable! You are still calling for shorts? One day you will be right but you have been wrong so many times before. You have been calling for shorts since eons ago, every chart you churn out calling for shorts for BTC since the price was way low.
+1 Reply
Why in the world would you short an uptrend after a major breakout instead of buying dips???
+1 Reply
Thanks for sharing, but it looks like 50 MA will hold the price like many times before, let's see ...
+1 Reply
DLavrov Jolgan
@Jolgan, it is very important to watch for the price action at 19 000$ resistance.
+1 Reply
good work
Reply
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