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TheTradingo
Jul 8, 2020 7:57 PM

Short Term Long Trend Interference  Short

Bitcoin / TetherUSBinance

Description

4 Hour BINANCE:BTCUSDT, price crossed the downtrend channel and short uptrend has started. I'm just waiting for MACD crossover and RSI is still overbought. I'm Short at 9220 and my Liquidity is at 9800. It can go to 9000-9100 area where I want to EXIT so badly. There are many other or most of the traders and technical analyzers on telegram and discord are indicating that a big dump is coming and BINANCE:BTCUSDT will drop to 6000-8000 area but it can take weeks or months. I guess only thing that i can do is to wait do share your thoughts in comments and do I need to increase my liquidity by adding more funds to my wallet, please do comment and tell me.
Comments
Hudsonite
Sometimes it’s better to cut your losses.
TheTradingo
@Hudsonite bro trust me there are still signs of bearish trend like i cannot cut my loss when RSI is totally overbought and MACD crossover is yet to happen,I agree with you though.
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