Bitcoin just dropped 9%. It has not reached the point where its bearish trend is confirmed in the coming months. That point is <5k more than 3 days. The November 19 candle on the weekly chart will give us the information.
Technically, there is now much more probability of a downtrend than an uptrend, with the price most likely heading towards its MM210, which would be approximately a price of $3,000.
Strategy, same as before
Bearish Positions: If you are a long-term investor, you could go short at -5,000 with targets of 3,000 and thus take advantage of the bearish trend with a reverse trade.
Bullish Positions: Long positions for average should not be positioned if the trend is not >8k.
Technically, there is now much more probability of a downtrend than an uptrend, with the price most likely heading towards its MM210, which would be approximately a price of $3,000.
Strategy, same as before
Bearish Positions: If you are a long-term investor, you could go short at -5,000 with targets of 3,000 and thus take advantage of the bearish trend with a reverse trade.
Bullish Positions: Long positions for average should not be positioned if the trend is not >8k.
