I am shorting Bitcoin here.
Traders,
After some long and deliberate thought, I have decided to re-introduce shorts to my channel. This area is simply too tempting not to short.
Previously, you will know, that I decided to only do longs, non-leveraged, crypto-only trades. There was reason for each. But I realize that I am boxing myself in tremendously by doing so. I will probably not be frequent in my short trades, but I do think it is wise to trade short at times ...this area being one instance.
Also, I have often toyed with the idea of adding more than just crypto TA to my channel. This option is still definitely on the table.
And though I am wary of leveraged trades (less than 10% of traders are profitable as it is, let alone trading leveraged), I may infrequently introduce a leveraged play.
For the time being, I really like the odds on a short play here on BTC. We have multiple major levels of resistance all intersecting at around the same area, forming a huge area of confluence that is now acting as resistance.
Additionally, the RSI is insanely overbought. And as of now, there are 8 green daily candles in a row!
I am shorting this thing to 31,600, our strong support, with a SL of 36k which equals at 2/1 rr.
Remember, this is not fin advice. This is all entertainment for your pleasure only.
Best,
Stew
After some long and deliberate thought, I have decided to re-introduce shorts to my channel. This area is simply too tempting not to short.
Previously, you will know, that I decided to only do longs, non-leveraged, crypto-only trades. There was reason for each. But I realize that I am boxing myself in tremendously by doing so. I will probably not be frequent in my short trades, but I do think it is wise to trade short at times ...this area being one instance.
Also, I have often toyed with the idea of adding more than just crypto TA to my channel. This option is still definitely on the table.
And though I am wary of leveraged trades (less than 10% of traders are profitable as it is, let alone trading leveraged), I may infrequently introduce a leveraged play.
For the time being, I really like the odds on a short play here on BTC. We have multiple major levels of resistance all intersecting at around the same area, forming a huge area of confluence that is now acting as resistance.
Additionally, the RSI is insanely overbought. And as of now, there are 8 green daily candles in a row!
I am shorting this thing to 31,600, our strong support, with a SL of 36k which equals at 2/1 rr.
Remember, this is not fin advice. This is all entertainment for your pleasure only.
Best,
Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.