If you shorted at my earlier trade idea at 680, now would be a time to take some profits (there are signals that the selloff is starting to accelerate into a capitulation). However I do expect the price to fall further, breaking the white support line to test the long term green support line.
Note
Expecting intra day retracement to ~630 level before continuing downfallTrade closed: target reached
I recommend closing shorts here. I do expect the price to fall briefly sub 500 from the selling pressure in Bitcoin which I still maintain a short view on.
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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.