TrendFather

XBT short idea

Short
BITMEX:XBTUSD.P   Bitcoin
Reducing the value of the former consolidation zone is required, in addition, there is increased liquidity, which implies rapid demolitions and purchases in the market.
According to the history (06.10), the zone half-narrowed with a retest for the market. Therefore, we should expect such an outcome - consolidation for a couple of days, a false breakdown of 7827 and 7961, after a gradual upward movement and a pulsed upward movement. It is also ideal to see the intersection of MA50 - MA100, and to consolidate the trend and MA200.
Trade active:
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.