Yesterday BTCUSD has reached new price level slightly above 123,000.00 and started to decline afterwards on big selling volume. Also we see some divergence on momentum oscillator and MACD has crossed into a red zone. I still think that bitcoin is overbought and needs the correction before next growth, so I decided to go short with
🔽 a market sell order at 117461.25 with
❌a stop loss at 123894.15 and
🤑a take profit at 110587.70
A stop loss is above the ATH, take profit just above the support level of 110,000.00. It is a counter-trend trade, so it's a bit more risky than usual.
Trade cautiously! Preserve your deposits!
🔽 a market sell order at 117461.25 with
❌a stop loss at 123894.15 and
🤑a take profit at 110587.70
A stop loss is above the ATH, take profit just above the support level of 110,000.00. It is a counter-trend trade, so it's a bit more risky than usual.
Trade cautiously! Preserve your deposits!
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.
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.