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CryptoCheck-
Aug 7, 2023 5:14 PM

BTC ❗ SHORTING Here gets you REKTΒ 

Bitcoin / United States DollarCoinbase

Description

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Hi Traders, Investors and Speculators of ChartsπŸ“ˆπŸ“‰

The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains.

When BTC trades range, many traders get shaken out (a term that implies "wicky" price action where stop loss gets triggered). A better bet for the moment is to focus on smaller cap altcoins that have much more upside potential and better risk reward setups at the moment than taking a short on Bitcoin.

Check out these coins instead of trying to trade Bitcoin whilst it is in range trading:



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BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSD

Comment

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Even as BTC trades higher today, I wouldn't advice a LONG either... rather focus on altcoins with better risk-reward setups than BTC right now.
Comments
basictradingtv
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I am bullish on BTC until proven wrong!
CryptoCheck-
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VincePrince
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Good job.
CryptoCheck-
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@VincePrince thanks Vince
Williamforex
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good job
CryptoCheck-
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fastprofittrader
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i got rekt lol
CryptoCheck-
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@fastprofittrader thanks for being honest tho πŸ€£πŸ‘
AkhiPrajapati
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Awesome bro
CryptoCheck-
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@AkhiPrajapati thanks buddy
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