I WOULD SHORT BITCOIN FOR SHORT-TERM - THIS MONTH ONLY
well i have learnt over time to trade crypto like a ball bouncer brick breaker.
this could go wrong. but its most effective.
this is why i am short in the short-term before a relief bounce.
if you tape read the price based of the monthly. i call my support and resistance and apply the Brick breaker strategy.
the only negative on this strategy is staying on the right trend.
since bitcoin broke the previous monthly resistance at $19,634
i suspect. the price would level down at $16,694. that 0.5 level on Fib
note: $19,634 - $13,603 that is a zone
bitcoin needs a resting place its either the pocket level which it did hit already or the 0.5 fib
this could go wrong. but its most effective.
this is why i am short in the short-term before a relief bounce.
if you tape read the price based of the monthly. i call my support and resistance and apply the Brick breaker strategy.
the only negative on this strategy is staying on the right trend.
since bitcoin broke the previous monthly resistance at $19,634
i suspect. the price would level down at $16,694. that 0.5 level on Fib
note: $19,634 - $13,603 that is a zone
bitcoin needs a resting place its either the pocket level which it did hit already or the 0.5 fib
