BTC/USD - upcoming POTENTIAL short
Last time we didn't get our short. Price did not retrace to the level from where we were looking for a short (17.2-17.5k).
Once again we have an opportunity upcoming.
IF price retraces up to the following levels, I will look for signs of buyer exhaustion to take a short:
-> $17,339
-> $17,548
-> $17,731
SL will go above the high from Dec. 14th.
TP will be the recent lows ~ around 16,300 from Dec. 19th.
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Trading is not about knowing what the price must do next, but responding to the market reactions at the most important levels if and when the price gets to our levels.
The levels I have outlined are potential shorting opportunities if the price retraces up to those levels and we see that the buyers are getting exhausted in those areas.
Thanks for reading!
*Not financial advice...just my opinion*
Once again we have an opportunity upcoming.
IF price retraces up to the following levels, I will look for signs of buyer exhaustion to take a short:
-> $17,339
-> $17,548
-> $17,731
SL will go above the high from Dec. 14th.
TP will be the recent lows ~ around 16,300 from Dec. 19th.
____________________________________________________________________________________________________________________________________________________________
Trading is not about knowing what the price must do next, but responding to the market reactions at the most important levels if and when the price gets to our levels.
The levels I have outlined are potential shorting opportunities if the price retraces up to those levels and we see that the buyers are getting exhausted in those areas.
Thanks for reading!
*Not financial advice...just my opinion*
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