Small position, as this trade might be risky. Bitcoin is never easy.
This looks like a good place to enter short.
If price actually follows this idea, i might leave it open for the meeting.
This meeting could be very positive for BTC and crypto in general, but could also back fire if it turns out to be another nothing burger. Market wants to see a confirmed SBR and if we dont get that from this meeting, price might fall to previous lows around 79k-75k.
That said, if we do get the SBR you dont want to be on the sell side. Like I said in the beginning: small position, risky trade.
ENTRY 91.5k
SL 94K
INITIAL TP 83.5
This looks like a good place to enter short.
If price actually follows this idea, i might leave it open for the meeting.
This meeting could be very positive for BTC and crypto in general, but could also back fire if it turns out to be another nothing burger. Market wants to see a confirmed SBR and if we dont get that from this meeting, price might fall to previous lows around 79k-75k.
That said, if we do get the SBR you dont want to be on the sell side. Like I said in the beginning: small position, risky trade.
ENTRY 91.5k
SL 94K
INITIAL TP 83.5
Trade active
SL to breakevenTrade closed: target reached
took parcials at 85.7k. SL still on breakevenThe EO signed by trump yesterday its not that bad. Its actually very good. But the market seems to want more than that, as predicted... Lets see if we'll have a bigger dump today and during weekend.
Note
Closing the rest of the position here. at 82.6knice trade!
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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.