BITCOIN SHORT TRADE SETUP
Things to note
Bearish
1. Lower Highs
2. Failed inverse HnS
3. Rejection from 50EMA on Daily
4. Decreasing Volume
Bullish
1. Sitting above 618 Fib.
Choice of Trade
Is quite obvious for me.
Shorting as close to 3700 resistance as possible.
Targets would be 3500, 3300 and 3200
Things to note
Bearish
1. Lower Highs
2. Failed inverse HnS
3. Rejection from 50EMA on Daily
4. Decreasing Volume
Bullish
1. Sitting above 618 Fib.
Choice of Trade
Is quite obvious for me.
Shorting as close to 3700 resistance as possible.
Targets would be 3500, 3300 and 3200
Note
It's a definite short trade for me unless BTC goes up here and consolidate above 3760.The immediate target for my short would be 3475.
Note
Nice 32.6% on that short.Taking profits early.
Letting 50% run.
Note
Nice 50% win
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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.