BitcoinShort
BTC SHORT
High-Risk Trade: Yes, we broke a psychological level of resistance, on the 4H do we see the current retest now and push on up? I don't think so yet.. In my opinion, SLs were hit, and emotions hit harder. Rookies, will be revenge trading here, and therefore most likely going long - Referencing; Coinglass, as most retail traders are long. I like to do the opposite of what most are doing in this space and therefore I am short.
A further reason for shorting here, as the 50 EMA, is retesting the 200 EMA on the 4H. A crossover at this point will invalidate my bias.
Entry on 5min Resistance. TP at 5min Support.
A further reason for shorting here, as the 50 EMA, is retesting the 200 EMA on the 4H. A crossover at this point will invalidate my bias.
Entry on 5min Resistance. TP at 5min Support.
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