TomPip
Short

BTCUSD Death cross and 100-MA resistance confirmation

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
History says short the tops until the golden cross.

https://www.investopedia.com/terms/d/deathcross.asp
Comment: If today closes with a somewhat full bodied candle, we have three white soldiers, which is a bullish reversal pattern. This might signal a back test towards the 100-DMA. If today doesn't manage to close as a full bodied candle, i think things will go more sideways for a while, before touching the 100-DMA.

That's brilliant! Thanks
+1 Reply
so short tops now?
Reply
TomPip ThankUKind
@ThankUKind, Shorting is difficult as a retailer. I personally prefer scalping long after volatile down days, rather than shorting the market, but mid-term HODLing might not be a good idea considering the death cross. If you're an investor and/or long term HODLer, you should already be 100% liquid and start building a position the coming months (assuming we have a bear market the coming months).
+1 Reply
@TomPip, fair enough. I have been doing exactly that, scalping long after volatile down. I am pretty noob so I almost never sell the top, I just keep bumping my stop loss up. Than try and buy the breakout from the bottom and repeat. I have gained about 25% btc in the last month since I started doing it. Maybe beginners luck, since there has been a lot of volatility.
+1 Reply
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