Bitcoin surpassed down the 0.236 Fibonacci Retracement levels, as mentioned before in the previous post we are looking at a bear setup especially if Bitcoin continues downward and breaks the red line, if this does not happen we could easily see upward pressure again.
A bullish movement is not ruled out, therefore investors must proceed cautiously. I have personally set up SL in breakeven.
We are already up 180% ( Bitcoin and Ethereum short) with 15% leverage in BitMEX. Now SL is set in entry levels, for further information check out the previous post.
A bullish movement is not ruled out, therefore investors must proceed cautiously. I have personally set up SL in breakeven.
We are already up 180% ( Bitcoin and Ethereum short) with 15% leverage in BitMEX. Now SL is set in entry levels, for further information check out the previous post.
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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.