BTCUSD Short-term Trading Plan
Updated
Yesterday I found the 8k support was very strong and I closed my short position at 8k. Now it turns out I made a good decision.
Now whales have made a breakout and it pops out from the triangle structure. I haven't enter yet and I am patiently waiting for the retracement. I think it could drop down to around 8350 in a couple of hours. The upward target is 8800-8900. I will sell there and open another short position there.
This is my trading plan. You can trade at your own risk.
Now whales have made a breakout and it pops out from the triangle structure. I haven't enter yet and I am patiently waiting for the retracement. I think it could drop down to around 8350 in a couple of hours. The upward target is 8800-8900. I will sell there and open another short position there.
This is my trading plan. You can trade at your own risk.
Note
Bitcoin is in casino mode. TA doesn’t any more. Luck is now more important. Glad I didn’t chase the pump.
We don't trade patterns. We draw them.
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.