BITCOIN (BTCUSD) – Cash: Selling On Retracement Higher To Within The Range Of Bearish Pin Bar Signal
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal late last week.
Price moved lower from the Bearish Pin Bar Signal that had formed early last week (We suggested trading this signal in the June 28th, daily newsletter and hopefully some traders got on board).
Price moved lower from within the range of the recent Bearish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed on Friday, June 17th (We have been considering selling the pullback to this setup since June 20th, weekly newsletter).
Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher to within the range of the recent Bearish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed on Friday, June 17th.
Potential Trade Idea 3: We are considering selling on a retracement higher and only after a price action signal, whilst price remains below the $25339 short-term resistance level.
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal late last week.
Price moved lower from the Bearish Pin Bar Signal that had formed early last week (We suggested trading this signal in the June 28th, daily newsletter and hopefully some traders got on board).
Price moved lower from within the range of the recent Bearish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed on Friday, June 17th (We have been considering selling the pullback to this setup since June 20th, weekly newsletter).
Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher to within the range of the recent Bearish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed on Friday, June 17th.
Potential Trade Idea 3: We are considering selling on a retracement higher and only after a price action signal, whilst price remains below the $25339 short-term resistance level.
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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.