Some bearish signs visible on some short-term indicators, expecting at least a retrace to the bottom of this wedge before making any significant attempt to crack 9k.
If the wedge breaks down I will be building a long position on futs for a target in the 10,200 zone.
Fundamentals are stronger for Bitcoin, the dumps are weaker and so-far this "correction" is to be expected from a 30% upward movement.
Currently holding BTC offline, so purposely looking for bearish outcomes for a leveraged hedge.
If the wedge breaks down I will be building a long position on futs for a target in the 10,200 zone.
Fundamentals are stronger for Bitcoin, the dumps are weaker and so-far this "correction" is to be expected from a 30% upward movement.
Currently holding BTC offline, so purposely looking for bearish outcomes for a leveraged hedge.
Trade closed: stop reached
A bullish outcome, trade got stopped out.Bad for the trade, excellent for Bitcoin!
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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.