colloq

BTCUSD Short & Close Positions

Short
colloq Updated   
COINBASE:BTCUSD   Bitcoin
Looking to Short BTC at the upper resistance. Just shorted a position at $11,300 and will be monitoring over the next 24-48hrs for BTC to enter the lower resistance levels around $9,000 > $9,500 to close position.

Its the end of the month, a lot of people will be looking to take profits for bills. Chinese new year is coming up. We also have CME futures closing on 26/1.
Comment:
We are approaching peak shorting levels, consider this the localised high level

Shorting from here for 48hrs
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.