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Technical analysis by popwarking about Symbol BTC: Sell recommendation (4/14/2023)

https://sahmeto.com/message/2711926
popwarking
popwarking
Rank: 14510
Sell،Technical،popwarking

Just got a SHARK SELL signal on the Daily time frame on BTC. This is at the top of a positive volume shelf, and the top of my triangle. I could see a case for this, with all the uncertainty with inflation at the moment. I would love for this to be a shakeout drop for a continued upward movement. I think it would be a good idea to get some insurance if you are long on BTC by grabbing some short positions on a BTC perpetual, to offset any potential downside to come, cash them out then reinvest the profits in your Long BTC position. I'm a firm believer in staying protected on long term holdings by getting some type of insurance (short / long options or perpetual positions) to minimize your risk if your position goes in the opposite direction. BTCUSD

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$30,358
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