Bitcoin: Example of Crazy Short Trade in Bullish Market
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After a strong price movement, we can expect a correction. The price reached 12 500USD, and we got a bearish candle. It tells us about a reversal from the resistance based on the round number. RSI is going to support the sellers. The same goes for MACD. If we talk about a short term trading, it is possible to sell with profit targets at SMAs and 12 000USD.
After that, there will be new buying opportunities. The short trade looks crazy in the bullish market, but sometimes such type of trading can be very profitable.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
After that, there will be new buying opportunities. The short trade looks crazy in the bullish market, but sometimes such type of trading can be very profitable.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
注释
SMA with period 20 supports the price. The breakout below this line will be able to push the price to SMA50. 注释
It is possible to fix the profit and exit from short trades.
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