BTC Short Term Update; Staying Long - Then Shorting
Holding long until 970 and 980, splitting up position.
Then Shorting 980/985 and 1000 1/3, stop 1036.28 for 1st target of 920 then 840.
If price holds 920 then I'll exit there.
Watch 950 there will be a large interest in shorts and bag holders looking to exit there, 200% extension + 50 fib, prior consolidation.
Then Shorting 980/985 and 1000 1/3, stop 1036.28 for 1st target of 920 then 840.
If price holds 920 then I'll exit there.
Watch 950 there will be a large interest in shorts and bag holders looking to exit there, 200% extension + 50 fib, prior consolidation.
Note
Only a "close" and hold under 915 would warrant closing longs or a break below 900, which ever came first. Still holding through this move down. Trade closed: stop reached
Trailing stop on longs from 700 triggered at 900 moving to old chart idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.