BTC/USDT : All possible ways to take SHORT on BTC's movement.

13 mai 2021

BTCUSDT
Hello everyone 😃

BTC had a rejection below 52K support level and now it's moving below daily MA100.
As BTC is below this stiff moving average there won't be any expected minor recover on BTC.
And we'll look for a rejection below $48555 level, This level is holding BTC very well and it can make it possible for bulls to bounce from current support above MA100.
🔰 So there is no suggested entries for SHORTs or either for LONGs; Better to have some trades on DeFi/BTC !

I'm expecting a minor recovery for BTC because of recent oversold limits on volatility indicators and fundamentals, They make another FOMO into low volume investors and this will be a leaded direction for BTC to reach higher levels.
Actually I'm not worried really about FOMOs, I'm watching a repetition based on last rejection below daily MA50, Which is happening on current rate.

Based on this repetition; There is chance for another rejection from daily MA100.
🔰 Still it's no clear for us to take a position; Have to mention again, Better to have some trades on DeFi/BTC !

If BTC passed daily MA100, I will look for my major entries : $54000 and $59000.
Actually I'm planning to take a SHORT at 54K pressure zone, Any closes above $54500 ( very tight SL ).
However it's not a good time to discuss about it, So we'll wait for it..
🔰 We passed three without any clear entry; Don't forget to take advantage on DeFi/BTC !

Any closes above 54K pressure zone will confirm a leg up to daily MA50 and 59K level.
That's the point that I'm searching for a SHORT with a stop-loss above 61K !
Daily MA50 acted weak on last touches, So there is high possibility of stop hunts for LONGs around 59K - 60K...
Also there is a possible pivot point on 17th May based on FIBBO time zone.
🔰 Now we have the most possible scenarios for our SHORTs, Remember; Key levels are 54K and 59K.
It's not suggested to take LONG on any major ALTcoins except ADA, LINK, LTC.
Other suggested ALTs are DeFi coins and some of the coins with potential growth such as REEF, FIL, COTI, WIN and...

Hope you enjoyed our analysis about BTC's possible directions🙌
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Attention: this isn't financial advice we are just trying to help people on their own vision.

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Helical_Trades