BTC 4hour chart at key resistance and fast approaching an ep
Updated
imho, its time to take money off the table after that nice rally. Price has been stopped by arc resistance and we are fast approaching an energy point in time.
A close above the recent high would be a good place to consider this advice mistaken. If going short, a stop above the recent high would make sense.
Happy Trading.
A close above the recent high would be a good place to consider this advice mistaken. If going short, a stop above the recent high would make sense.
Happy Trading.
Note
A 1st target of ~ the recent low of 11500 makes senseTrade closed manually
I no longer have faith in this trade idea. It seems that resistance might break. I have closed my short. Good luck.
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.