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Long position VS. short position: Which one is better?
In the world of trading, understanding the concepts of long and short positions is crucial for making informed decisions. A long position involves buying an asset with the expectation that its value will rise, while a short position entails selling an asset you don't own, betting that its price will fall.
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Leverage is a fundamental concept in financial trading,allowing traders to control larger positions with a smaller amount of capital. While it can amplify potential profits, leverage also significantly increases the risk of losses, making it a powerful but double-edged sword.
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Bitcoin Intraday: the downside prevails as long as 59240 is resistance
Bitcoin (BTC/USD)
-201.81-0.34%
the downside prevails as long as 59240 is resistance.
59240 is our pivot point.
Our preference: the downside prevails as long as 59240 is resistance.
Alternative scenario: the upside breakout of 59240, would call for 59970 and 60400.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 58752 and 58716).
Supports and resistances:
60400 **
59970 *
59240 **
58634 last
57570
57140 **
56710 *
Our preference: the downside prevails as long as 59240 is resistance.
Alternative scenario: the upside breakout of 59240, would call for 59970 and 60400.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 58752 and 58716).
Supports and resistances:
60400 **
59970 *
59240 **
58634 last
57570
57140 **
56710 *
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
