This is a wild trade.
Short position: $9,944
Target: 6K
Risk Ratio: 2
Good luck.
***Disclaimer: This is a technical analysis not a financial advice.
Short position: $9,944
Target: 6K
Risk Ratio: 2
Good luck.
***Disclaimer: This is a technical analysis not a financial advice.
Note
When I see this hammer showing up in the weekly chart, I was out and I start to draw these descending triangles.So far it comes back and retest the first descending triangle. The second descending triangle will take us to $1,000 range.
Institutional investors will not enter this market until we see the monthly rsi showing oversold.... In the long term I am remaining bearish. In short term I may swing back and forth in 7k-12k range.
That's all I have. Bye now.
Note
They just burned 370 million Tether. This is NOT very sign for BTC. Prepare for a dump.Trade active
Next stop 7.5K.Note
I leave it here. Something to think about.Protect your money.
Trade closed: target reached
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.
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.