Btc is obviously in a down trend in daily timeframe.
The static and dynamic resistances on the chart make us to be prepared for a possible short position with a remarkable risk/reward ratio.
Be careful; only short on the rejection from the indicated resistances, and also consider the stochastic indicator.
Good luck,
Median Eagle.
The static and dynamic resistances on the chart make us to be prepared for a possible short position with a remarkable risk/reward ratio.
Be careful; only short on the rejection from the indicated resistances, and also consider the stochastic indicator.
Good luck,
Median Eagle.
Order cancelled
Obviously, the conditions explained above were not happened:First, we had a rejection from the horizontal resistance, but it was followed by a strong recovery and breaking both the static and dynamic resistances.
So the trade was canceled.
Best regards.
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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.