BitcoinShort
BTCUSD - Target $25k - Short
Updated
Currently consolidating between the 20+ 50W & 100W EMA. Had a fake out above this area a few weeks ago.
I expect we'll continue the chop between these two lines for a while longer before finally breaking down to the 200w EMA.
Historically price has wicked, or consolidated below the 200w MA - that would be the time to start accumulating for the next cycle.
I expect we'll continue the chop between these two lines for a while longer before finally breaking down to the 200w EMA.
Historically price has wicked, or consolidated below the 200w MA - that would be the time to start accumulating for the next cycle.
Trade closed: target reached
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.