BitcoinShort
Continued down trend
I believe this down trend is just beginning, Expected the relief rally to happen, this is potentially the last opportunity to short above 9k for a while. I can see this touching 9240 but if this breaks the 4H 50 ema i would be willing to change to a more bullish stance, but until then I am bearish. Lets see how the stock market opens.
This trade has a risk/reward ratio of 3.5, therefore has to work out 22% of the time to yield a profit. I would estimate at around 33% probability (from backtesting).
This trade has a risk/reward ratio of 3.5, therefore has to work out 22% of the time to yield a profit. I would estimate at around 33% probability (from backtesting).
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.