Short BTC/USDT at the top of the regression channel
Bitcoin futures are once again bouncing off resistance at the $19200-300 area. Due to the run up over the past hour, its reached the top of the regression bands on the 15 min chart and possibly due for a pullback.
Since it's at the top of the channel, its a good risk to reward short as the stop would be in the $19350-400 area.
The signals we are looking for is rejection of f the top of the channel, crossover of the LMSA moving averages, also looking for confirmation of bearish divergence on the Vumanchu Cipher B indicator to make this a strong signal.
Profit targets are $19050 and $18950 respectively, leaving a small runner in case there's a hard crack of support.
Since it's at the top of the channel, its a good risk to reward short as the stop would be in the $19350-400 area.
The signals we are looking for is rejection of f the top of the channel, crossover of the LMSA moving averages, also looking for confirmation of bearish divergence on the Vumanchu Cipher B indicator to make this a strong signal.
Profit targets are $19050 and $18950 respectively, leaving a small runner in case there's a hard crack of support.