Yikes! BTC to $4900?!? Short it?!?
Updated
Another 'Magic Fibo' level hit, and therefore a profit target.
But.. $4900?! Sucks. This is the first bearish TA I think I've ever done on BTC, myself.
We'll have to see!
There should be some fierce support around $6460, the 61.8% retrace and volume profile POC.
IF BTC drops about this low, I'm buying a bunch, I know that..
I was late into this trade, so I'll be waiting for a retracement, but I believe I will take the short sell.
Shout out to Steve Gregor for his badass Fibonacci lessons.
But.. $4900?! Sucks. This is the first bearish TA I think I've ever done on BTC, myself.
We'll have to see!
There should be some fierce support around $6460, the 61.8% retrace and volume profile POC.
IF BTC drops about this low, I'm buying a bunch, I know that..
I was late into this trade, so I'll be waiting for a retracement, but I believe I will take the short sell.
Shout out to Steve Gregor for his badass Fibonacci lessons.
Trade active
Still loving this look.Price seems to have been stopped firmly at the 38.2% fib level.. I'm thinking this looks like an excellent place to re-enter this short!
Trade closed: target reached
A very scary wick probably messed up almost everybody's trade, but the target was crushed.
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.