$BTC #BTC
BTC is weak, but do not short the bottom. Short the bounce instead.
$BTC SHORT
Entry: $77,500 to $78,000
Stop loss: $78,600
Target 1: $76,000
Target 2: $75,000
BTC is around $76,960 this morning on CoinGecko, down about 3.7 percent in 24 hours, with a 24 hour range of $76,591 to $81,840. The overnight fall from about $80,815 to below $79,000 already broke the old long setup from 29 Oct, entry $80,200 to $80,600 with stop $79,500, so I am not reposting that idea unchanged. My opinion now is bearish below $78,000, because the Binance security news plus the options expiry gives sellers two reasons to stay active. A bounce into $77,500 to $78,000 would be a cleaner short than chasing price down here, with a tight stop above $78,600.
Futures trading is risky, trade small, manage risk, do your own research.
If BTC bounces to $78,000, do you short it, or wait for a break of $76,000?
#Bitcoin #Crypto #FuturesTrading #TradingSignals
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BTC is weak, but do not short the bottom. Short the bounce instead.
$BTC SHORT
Entry: $77,500 to $78,000
Stop loss: $78,600
Target 1: $76,000
Target 2: $75,000
BTC is around $76,960 this morning on CoinGecko, down about 3.7 percent in 24 hours, with a 24 hour range of $76,591 to $81,840. The overnight fall from about $80,815 to below $79,000 already broke the old long setup from 29 Oct, entry $80,200 to $80,600 with stop $79,500, so I am not reposting that idea unchanged. My opinion now is bearish below $78,000, because the Binance security news plus the options expiry gives sellers two reasons to stay active. A bounce into $77,500 to $78,000 would be a cleaner short than chasing price down here, with a tight stop above $78,600.
Futures trading is risky, trade small, manage risk, do your own research.
If BTC bounces to $78,000, do you short it, or wait for a break of $76,000?
#Bitcoin #Crypto #FuturesTrading #TradingSignals
Follow for more trades
