BitcoinShort
BtcUsd POTENTIAL swing sell trade.
First, this is a potential trade. We will have to wait for price to retrace to around 9200 in the coming weeks or days depending on the volatility.
Secondly and most important, just cause we are waiting for price to reach 9200 does not mean you buy it now with targets at 9200.
This trade will be invalidated if,
1. Price crosses below 5860.
2. Price stops us out at our stop level.
The weekly trend has been bearish since the beginning of this year and therefore we will be in line with the trend which gives us a good advantage.
We will be monitoring this in the the upcoming days and weeks and give updates if deemed necessary.
Secondly and most important, just cause we are waiting for price to reach 9200 does not mean you buy it now with targets at 9200.
This trade will be invalidated if,
1. Price crosses below 5860.
2. Price stops us out at our stop level.
The weekly trend has been bearish since the beginning of this year and therefore we will be in line with the trend which gives us a good advantage.
We will be monitoring this in the the upcoming days and weeks and give updates if deemed necessary.
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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.
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.