Bitcoin
Short

BTCUSD - CRYPTO - 17. MAR. 2020

Updated
Welcome to our weekly trade setup ( BTCUSD )!

-

1 HOUR
Cryptomarket heavily oversold together with most stocks / indices etc.

4 HOUR
Price action slowed down and consolidated pumping buyers before dumping them ;)

DAILY
Market will take another push to the downside forming new lows since too many people
jumped on long positions now, greed will kill them with another -35% drop in value.
Watch out crypto halving in May might push prices back to the upside or even faster,
still a big fan of blockchain technology and looking for all time highs end of this or next Year!

-

CRYPTO SETUP
SELL BTCUSD
ENTRY LEVEL @ 5434 $
SL @ 6006 $
TP @ 3500 $
RR: 3.0+
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)


Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!

ALAN
Trade active
Trade closed: stop reached
Closed with -0.5% Account balance. Next one!
Beyond Technical AnalysisbitcoingBTCBTCUSDbtcusdsellbtcusdshortcryptocryptotraderSELLshortTrend AnalysisWave Analysis

Disclaimer