BTC Short Trade
First of, I'd like to congratulate y'all for the new ATH on BYBIT:BTCUSD. I remember some time ago people were saying 30k BTC meant the end for crypto. Well look at where we are at now!
Now, let's continue with the short idea I have for today. First of, let me say I'll play with little money since I dont like BTC is pinning the 50 EMA showing support there. Though, I think a retrace is really likely to happen looking the previous fractals, EMA's and price action. The entry is exactly in a high volume candle (these candles usually get recovered and price is used to bounce off those points).
The Take Profit will be the 200 EMA, so pay attention, don't sleep with the trade opened! Or maybe yes, but leave an alert when price touches the 200 EMA! I hope this trade goes well for us so that we make some money :P Once again, congratulations for the new ATH on BTC!
Now, let's continue with the short idea I have for today. First of, let me say I'll play with little money since I dont like BTC is pinning the 50 EMA showing support there. Though, I think a retrace is really likely to happen looking the previous fractals, EMA's and price action. The entry is exactly in a high volume candle (these candles usually get recovered and price is used to bounce off those points).
The Take Profit will be the 200 EMA, so pay attention, don't sleep with the trade opened! Or maybe yes, but leave an alert when price touches the 200 EMA! I hope this trade goes well for us so that we make some money :P Once again, congratulations for the new ATH on BTC!
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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.