Short
STRAT-BTC 4HR Short Term
TD Sequential: Currently on a countdown at #7 bearish candle. I expect 2 more bearish candles.
SuperTrend: Sell Signal indicated by the red arrow.
Bollinger Bands: Nearing the bottom band, which will be a good entry point.
Personal Sell Point: .00061
Note this is speculation and not financial advice.
Trade active
Recap:
Completed the countdown. (Indicated by the red rectangle)
Briefly broke into the .236 Fibonacci level but was met with resistance as the wick indicated.
Positives:
.382 Fibonacci level acted strongly as a support level.
Green arrow representing a buy signal was indicated, just looking for it to close that way.
.00061 is still the strongest current resistance level.
Trade closed: target reached
.00061 Sell Point was achieved
Plan to fish in buy orders using Fibonacci levels.
Will see if .236 Fibonacci level has any support.
.382 has acted as good support and a place we can put some buy orders in.
Note this is speculation and not financial advice.
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.
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.