Category: Tether (USDT)

Potential BTC Short Sell out of Channel

BTC price has formed a slight downward channel. Look for an opportunity to short if it breaks the channel lower support. It will have a lot of resistance at the 3800 level, so put your sell below to avoid fake-outs. A more risky play would be to go long on some counter-trend trading within the channel – profits won’t be large (5% range), but if that’s your …

This article was originally published on: The Tether Blog on