With the bad performance of bitcoin in this region of 20k I decided to sell the bitcoins I had previously bought, it was with an average price of 20,000 and I sold it in the region of 19,700 with a little loss.
Most likely Bitcoin is forming a bearish flag pattern that could take us all the way up to the price of 13k to 12k.
The objective now is to look for more entries at the bottom or wait for a trend reversal signal to buy again.
I'm also on the lookout for opportunities to short.
Most likely Bitcoin is forming a bearish flag pattern that could take us all the way up to the price of 13k to 12k.
The objective now is to look for more entries at the bottom or wait for a trend reversal signal to buy again.
I'm also on the lookout for opportunities to short.
Telegram group: t.me/heavensignals
Taking advantage of the pullback we are having in Bitcoin, I decided to open Short.
If the movement repeats the same movement we had with the flag in the 31k region, we are in a good region for opening short positions (see chart).
Entry: 20,612
Initial target: 15,140 (26%)
Stop: 22,455 (8.95%)
Volume: 16%