BTC Daily Technical Analysis: Why I Shorted ATOM? / Always on the APT Short.


I closed my two short trades on APT with 1X leverage at Huobi and FTX, I still have the two short positions in grid trading on Kucoin and Binance.

More Details about the 4 short positions: https://t.me/tradingwithbinance/462 

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HUOBI

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I opened a short in grid trading on ATOM given the euphoria on ATOM 2.0 and especially the peaks of liquidations in the south also on BTC for the correlation, I hesitated to short the BTC or ETH or BNB but not convinced enough about the level of gains to be made or the quantity of longs with the peaks of liquidations in the south opposite the shorts in the north.

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The second short on Binance futures grid: ATOM/USDT 
I trade the range between $7.77 to $17.77 with 38 grids.

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A rise without volumes on ATOM today, with a bearish divergence on the OBV volumes indicator, which will also fomo Sunday traders.

I think it's to look for the latest spikes in shorts liquidations with high leverage around $14.25, and also test the 61.8% fibo.

Invalidation will be after close above $14 in strength and in correlation with BTC.

https://www.tradingview.com/x/pBZCCVEa/ 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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