Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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17:28 |
Hi I read the Bitcoin article and it says about shorting the bounce. How high is Bitcoin expected to rise before one could begin to short it to 91k area? |
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19:00 |
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19:17 |
Much easier to surf the uptrend than intercept Bitcoin’s rallies. Risk-averse set-ups are evolving on a daily/hourly basis. At the moment (Monday, 7:45 p.m. EDT) there are two Hidden Pivot levels that could be used in this way (i.e., to get short): 112,364 and 116,772, respectively. If buyers blow past the first, assume they will reach the second. Risk no more on either entry than you could painlessly lose at the race track. These are scalp-trades, not potential triples and home runs. |
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