Bitcoin marked a new ATH by reaching around $109,915, but it seems to be facing rejection. Lacking liquidity, it will very likely seek out the Fair Value areas it left behind, so I suggest a Short:
Entry: between 108,500 and 109,000
Stop Loss: 110,500
Take Profit 1: 106,800
Take Profit 2: 105,000
Take Profit 3: 102,000
Max Take Profit: 98,000
Above all, do not forget to take your profits one after the other and do not wait to touch the last one to withdraw.
Be cautious about the money you put at stake in one trade, do not invest more than you are willing to lose, or 5/10% of your portfolio.
This is not an encouragement to trade, it is simply information on which we can debate and give our opinions, which I encourage you to do by commenting on this article.
