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Bitcoin
Short

$BTCUSD higher high, possible bearish divergence.play = SHORT

247
BTC has been laggingly pushing up just so you can short. Do not fall into the trap that it is moving higher unless we break loose above 4,500$

I know I was bullish on BTC earlier but for a bull run we need to make proper bottom setup and BTC retracing is one way to do it.

PRE-ENTRY BTCUSD SHORT

ENTRY - 4,300$
TARGET 1 - 3,700$
TARGET 2 - 3450$
STOP - 4,500$

Reduce accordingly for XBTUSD
NerdFox
BTCBTCUSDChart PatternsTechnical IndicatorsTrend AnalysisXBTUSD

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BTCBTCUSDChart PatternsTechnical IndicatorsTrend AnalysisXBTUSD
NerdFox

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.