THE BIG SHORT: BTC Shorts adjusting TP for a move down to 4k
BTC SHORT TARGET ADJUSTMENT for 6:1 r/r opp
- 61.8% to 78.6 fibo level zone extended from 1st wave of correction from all time highs provides clear positive risk: reward play for a downside correction
- Short limit entries above spot prices (previous posts - preferably near theextended 78.6 fibo level short BTC at around $18,035)
- Stops above all time highs and just below the next big figure at $20099
- Final take profit targets adjusted from just above the key $12,500 pivot and $10,900 for half a position each (previous post) to around the
4K level for a r:r opportunity greater of nearly 6:1 unleveraged
For more info on my trading approach - fxtradermagazine.com/forex-strategy/fusing-fundamental-and-technical-approaches.php
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