Based on an analysis of the Phoenix Ascending indicator, Bad Ass Bollinger Bands, and Linear Regression channel (with custom inputs), I have identified a ceiling target ($37, 500) and 2 floor targets ($32,000 and $30,000). I will open a short position at the ceiling targets and close the short position at one of my floor targets.
Let’s keep our eyes on this and act accordingly. I will post updates as appropriate.
This is not financial advice. I am not your financial advisor. This is my opinion.
Let’s keep our eyes on this and act accordingly. I will post updates as appropriate.
This is not financial advice. I am not your financial advisor. This is my opinion.
Note
To be clear, the short position is to be opened on a falling red stochastic relative strength index (sRSI) not a rising red sRSI.Trade closed manually
Opened short position: $39,534Closed short position: $37,648
Percent change: 4.77%
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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.
Related publications
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.