Hi there, this is ment for any1 who wants to hedge some money into short´s in case crypto heads south.
I think btc may be in a broadening wedge and will trigger once more stop losses above recent high´s, atleast in case we are already in a bearish segment.
Im Net Long so this sounds like a good idea to me. DYOR
Im seldomly so cluesless about what is happening next to crypto, that´s why i chose to hedge into some shorts.
Im neither bullish or bearish at the moment. For now the 30k support range held, so theres still hope to go to 100k :)
Anything under 27500 turns me bearish and i think we will see 20k --> 30k (range) retest ---> 10k...worst case no retest and directly to 10k
I think btc may be in a broadening wedge and will trigger once more stop losses above recent high´s, atleast in case we are already in a bearish segment.
Im Net Long so this sounds like a good idea to me. DYOR
Im seldomly so cluesless about what is happening next to crypto, that´s why i chose to hedge into some shorts.
Im neither bullish or bearish at the moment. For now the 30k support range held, so theres still hope to go to 100k :)
Anything under 27500 turns me bearish and i think we will see 20k --> 30k (range) retest ---> 10k...worst case no retest and directly to 10k
Comment:
Ofcourse dont forget about the close stoplosses, else you will get rekt if btc goes to 100k(+)
Comment:
In the meanwhile i discovered that the median of this (potential) channel got respected pretty well for now and i think i will short in this red zone for some hedge. Im still net long tho as 30k range didnt break yet.
