BTCUSD The most improbable short EVER !
I know everyone is very optimistic and make predictions to 50K+ etc but unfortunately, bearish scenarios need to be projected and anticipated to get ready if they occur (doesn't mean they will, but being prepared is the best way to avoid losing money). That being said :
Nice AB-CD pattern formed.
If price goes below 7 days MA, we could see, not only a retracement, but a correction as well.
Entry point would be between B & D with a SL @ 52.7K
TP1 around 34K
Crossing the 50 MA could lead to TP2 +/- 20K
Nice AB-CD pattern formed.
If price goes below 7 days MA, we could see, not only a retracement, but a correction as well.
Entry point would be between B & D with a SL @ 52.7K
TP1 around 34K
Crossing the 50 MA could lead to TP2 +/- 20K
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.