Bitcoin / TetherUS
Updated

BITCOIN - Long and Short Trading Guide

644
I expect a fall on an hourly timeframe if the very important support of $58,000 and the uptrend line are broken. In that case, I expect a drop of up to $53,000, although the $55,600 support also plays a role. If the price stabilizes below the $58,000 support, you can enter the futures trade for shorts. ⚠️(Of course, be sure to consider market behavior and smaller supports).⚠️
In the event of a downturn, the market may react to the specified support, and this is exactly when you can change your trade from short to long. Be sure to check the price reactions to the mentioned supports to get big profits in the falling market as well.
If you do not have the skills to analyze, use the signals of reputable people.✅
Note
BITCOIN (Update)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.