Bitcoin has been trading sideways for several hours without a breakout. This sideways trend will drain bullish momentum, which is why a prolonged period of sideways trading is bound to lead to a decline. Consider opening a short position at this point, anticipating a short-term correction.
Strategy
Open a bearish short position near 113,500, targeting around 112,000. Hold the short position if the price falls below this level.
Strategy
Open a bearish short position near 113,500, targeting around 112,000. Hold the short position if the price falls below this level.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
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.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
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.