Time to short?

21 thg 10, 2023

Like the previous idea, Bitcoin has reached new heights.

I can't tell exactly where the high point is, but based on the current chart, a double bearish divergence has been created, and coincidentally, there is resistance at the top of the upward trend line.

If it continues to decline like this, you can enter a short position targeting 29.2~28.8k in the short term.

What do you think?

21 thg 10, 2023

Ghi chú

The maximum increase I think is 31k.

However, even if the decline is true, the short-term trend is upward, so a quick adjustment may not occur.

22 thg 10, 2023

Giao dịch đang hoạt động

First target 28850

22 thg 10, 2023

Ghi chú

Currently, a diamond pattern has occurred in the 15-minute frame. This means a short-term uptick. Maybe we can go back to new highs.

22 thg 10, 2023

Giao dịch đang hoạt động

The comment you just made doesn't mean it's going up. We must always prepare for risk.

If it breaks below 29600, the diamond pattern will be invalidated.