BitcoinShort
SHORT call
Aggiornato
BITCOIN is always an hard security to trade being the darling of young bulls and it pains me to see them killed. So I sincerely hope will make them all rich.
BUT...being by nature a contrarian, I see too much happy cowboys on the LONG side at the moment *not* to make me think that the opposite will happen.
BITCOIN has formidable monthly and weekly resistance and it will struggle to break 11000.
Currently could be in a retracemnet of a short term bull run but I'm not convinced. Those RED sell bars are pretty long and worrisome. There has been a consolidation recently which make me suspect that bears were loading their shorts.
At the top seems to be an head and shoulder formation and so I'm going to look NOW for an opportunity at the lower timeframe (maybe 4h) for a short opportunity.
BUT...being by nature a contrarian, I see too much happy cowboys on the LONG side at the moment *not* to make me think that the opposite will happen.
BITCOIN has formidable monthly and weekly resistance and it will struggle to break 11000.
Currently could be in a retracemnet of a short term bull run but I'm not convinced. Those RED sell bars are pretty long and worrisome. There has been a consolidation recently which make me suspect that bears were loading their shorts.
At the top seems to be an head and shoulder formation and so I'm going to look NOW for an opportunity at the lower timeframe (maybe 4h) for a short opportunity.
Nota
stopepd out by that nasty yellow bar. This BTC is a beast to tradeTrade chiuso: stop raggiunto
Got stopped out which is a mistake because this dog did drop after all as predicted (and pretty obvious to me). I hate Bitcoin. It is so hard to trade .
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