Bitcoin
Short
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Bitcoin - an Overview: Why im looking for Short?

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Bitcoin - an Overview

1. From a daily view BTC still seems to be very bearish. Right now the current week couldnt even correct the prev. Week by 50%. - so the bear trend is still active (waiting for current week close)

2. The daily Volume is also decreasing from day to day since the low from the 25 January. So we have an decreasing Volume with an increasing price which is also a bearish signal for me.

3. The current uptrend (with decreasing volume) is also slowing down on lower timeframes. (!! but i personally recommend to look on lower timeframes to see the dynamic of the correcntion)

These are the key reasons why im only looking for short entries on a longer timeframe right now!

Nota
Decreasing trend strength (1H):

istantanea
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Current Trend (15M):

istantanea
Nota
Of course this is just my personal view of the current market situation and NFA!
Trade chiuso: obiettivo raggiunto
Closed the position with 15.5% profit.

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