Shorting bitcoin. T1: 7.000-7.800 usd. T2: 4.000-5.500 usd
Good morning everybody,
I've been away for some time, because of personal matters. But I will be active again. :)
Currently I'm shorting the bitcoin. I beleve we're still in a correction. Their isn't enough volume or big buyers in my opinion to get Bitcoin higher. Legg (c) did hit perfectly the 0.382 fibonacci level of legg (b). We're slowly forming a bearish pennant. To break below the previous low.
Targets and stop-losses:
Target 1: 7.000-7.800 usd
Target 2: 4.000-5.500 usd
Stop-loss: 9.800 usd
Remember this is a trade for the bigger time-frame. It could take 2-3 months before hitting Target 2.
I've been away for some time, because of personal matters. But I will be active again. :)
Currently I'm shorting the bitcoin. I beleve we're still in a correction. Their isn't enough volume or big buyers in my opinion to get Bitcoin higher. Legg (c) did hit perfectly the 0.382 fibonacci level of legg (b). We're slowly forming a bearish pennant. To break below the previous low.
Targets and stop-losses:
Target 1: 7.000-7.800 usd
Target 2: 4.000-5.500 usd
Stop-loss: 9.800 usd
Remember this is a trade for the bigger time-frame. It could take 2-3 months before hitting Target 2.
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.