Preferred direction: SELL
Comment: Our previous idea of going long on this coin has been worked out, and it already makes sense to take a closer look at going short. In the short and even medium term, growth is likely to continue, as can be seen on the chart (two short scenarios), but a correction for the coin is approaching. This short-term/medium-term growth is expected towards the level of 80 000, and will be done with the aim of updating the current historical maximum.
The most likely scenario №1 assumes the beginning of the fall near the level of 80 000. Please note that Bitcoin tends not to reach round values and turn in the opposite direction. Scenario №2 is more aggressive from a sales point of view, but unlikely.
We place the correction target at the level of 62 000, at least. We do not rule out a fall lower.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Comment: Our previous idea of going long on this coin has been worked out, and it already makes sense to take a closer look at going short. In the short and even medium term, growth is likely to continue, as can be seen on the chart (two short scenarios), but a correction for the coin is approaching. This short-term/medium-term growth is expected towards the level of 80 000, and will be done with the aim of updating the current historical maximum.
The most likely scenario №1 assumes the beginning of the fall near the level of 80 000. Please note that Bitcoin tends not to reach round values and turn in the opposite direction. Scenario №2 is more aggressive from a sales point of view, but unlikely.
We place the correction target at the level of 62 000, at least. We do not rule out a fall lower.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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