Following the chart shown above we can clearly see the BTCUSD currency pair testing the upper channel and forming a regular bearish divergence.
A sell trade is placed at $4547.94, we are looking at exiting the trade in a loss if the pair closes above the $4437.43 level. Our profit target is at $3234.18.
In case of a hidden divergence formation on the same chart we will exit our short trade and go long.
Happy trading.
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How do you short Bitcoin or any of the Cryptos? And how do you swap for fiat? Do you do it at an exchange? If you do swap your cryptos for fiat just as a short term trade, do you then incur a tax liability?
Thanks!
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Hi kodiajjamie. You can short Bitcoin or any other altcoin by registering for an account with an exchange. The exchange/broker i'm using here has a metatrader 4 based platform. if you need more information you can ask, or contact me at this link https://www.fiverr.com/sampsonakinyelu
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