Bitcoin potential global reverse to downtrend! BTC Short?
Hello Guys,
let's analyzing 1D and 1W chart for btc/usd.
On small timeframes, we can see swing signals to long positions since the price of $8900, and it makes speculative sense to trade long positions, however, momentum strategies on 1D show that this is most likely a downward wave correction that will end below $9650. Also on the 1W chart, we can see the weakness of buyers and the first signals to close long positions.
Today we would like to share the scenarios that we consider at the moment on the chart, and the FOBS trading strategy. At the moment, our positions in BTC do not exceed 25% of the total volume and are focused on intraday and swing trading. The long-term reversal strategy shows a long above $10500 and shorts below $8500 at the moment. Momentum 1D strategy also shows the expectation of short positions.
For 1D, now the situation is outside the market. For 1W, we are potentially considering an exit from a position in case a downtrend is confirmed.
The scenario of the continuation of the Uptrend we are considering after consolidating above $ 9650.
Best regards,
FOBS Team
let's analyzing 1D and 1W chart for btc/usd.
On small timeframes, we can see swing signals to long positions since the price of $8900, and it makes speculative sense to trade long positions, however, momentum strategies on 1D show that this is most likely a downward wave correction that will end below $9650. Also on the 1W chart, we can see the weakness of buyers and the first signals to close long positions.
Today we would like to share the scenarios that we consider at the moment on the chart, and the FOBS trading strategy. At the moment, our positions in BTC do not exceed 25% of the total volume and are focused on intraday and swing trading. The long-term reversal strategy shows a long above $10500 and shorts below $8500 at the moment. Momentum 1D strategy also shows the expectation of short positions.
For 1D, now the situation is outside the market. For 1W, we are potentially considering an exit from a position in case a downtrend is confirmed.
The scenario of the continuation of the Uptrend we are considering after consolidating above $ 9650.
Best regards,
FOBS Team