Last 2 top-of-the-channel shorts were on Sundays. I presume one of the reasons is because institutions are not buying on Sundays or weekends.
I would be looking for reversal at top of the channel and taking profit at 200 MA if you're shorting or buying back at 32-36k levels. This would be perfect accumulation before continuing to well above $40,000.
Not a trading advice.
I would be looking for reversal at top of the channel and taking profit at 200 MA if you're shorting or buying back at 32-36k levels. This would be perfect accumulation before continuing to well above $40,000.
Not a trading advice.
