Short bitcoin - DOGE mania related
Binance uses cross margin, and once DOGE dumps, traders who are long bitcoin will be force liquidated.
Here we can see VFAP showing that price is on the upper band, traditionally where price will reverse downward.
Contingency: If it does not go down, it will explode upward and retrace, but may take hours before returning under the gray horizontal box.
Here we can see VFAP showing that price is on the upper band, traditionally where price will reverse downward.
Contingency: If it does not go down, it will explode upward and retrace, but may take hours before returning under the gray horizontal box.
Note
A reversion trade would start around $33000, the inner side of the reversal band. That's about -1.5% below current price, and if I were bullish now would be a good time to start scaling in. But I am not bullish right now.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.