Here is Bitfinex 1hr. My current Elliott wave counts and short-term trading setups are shown in the chart. Setting SL at decent price lets you have an efficient risk:reward ratio. If we observe price bouncing more, BTC is most likely to be resisted at the retest region of the yellow trend-line that has been broken below few days ago. Additionally, those who trade at Bitmex should now refer to this setups since the results of TA for Bitmex and Bitfinex are totally different recently.
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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.