Shot if BTC goes below 7,400$
We see a s-h-s pattern that is not complete yet. It would be so if BTC goes below 7,400$.
In such a case I would short it with a price target at 7,050$.
Below 7,400$ BTC would also break the wedge we see in the graph below between the pink lines. Breaking it would lead to the same target price.
Stop loss @ 7,550$.
In such a case I would short it with a price target at 7,050$.
Below 7,400$ BTC would also break the wedge we see in the graph below between the pink lines. Breaking it would lead to the same target price.
Stop loss @ 7,550$.
Trade closed: target reached
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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.