Hi, i discovered that the Median Line of this potential downward channel building up got respected alot
and wanted to update my original Idea for a little short hedge for those of you who are long and want to de-risk or are bearish on Btc .
Im personally Net Long in Crypto and will keep being bullish as long 30k range support holds.
But to take a little less risk i want to hedge into some Short´s with close stoplosses in case Crypto is already in a downtrend again.
The (potential) Median (middle one) Line got respected alot (See white circles).
I think, in case we are in a bear trend already again, its most likely that btc is moving in this channel.
As always: DYOR and have a nice Day!
and wanted to update my original Idea for a little short hedge for those of you who are long and want to de-risk or are bearish on Btc .
Im personally Net Long in Crypto and will keep being bullish as long 30k range support holds.
But to take a little less risk i want to hedge into some Short´s with close stoplosses in case Crypto is already in a downtrend again.
The (potential) Median (middle one) Line got respected alot (See white circles).
I think, in case we are in a bear trend already again, its most likely that btc is moving in this channel.
As always: DYOR and have a nice Day!
Comment:
target didnt met, i think top is already in, atleast if we are in a bear trend