BitcoinShort
Exhaustion Gap, Return to Support
Updated
3 gap pattern indicates potential return to support at 8500.
Fib timing suggests this could begin in the coming days and take 2 months to complete.
Stop loss above the 2019 high provides an R:R of 1.5
Side: Short
Entry: 11800.0
Stop Loss: 14001.0
Target: 8501.0
RR(BTC): 2.43
RR(USD): 1.50
Fib timing suggests this could begin in the coming days and take 2 months to complete.
Stop loss above the 2019 high provides an R:R of 1.5
Side: Short
Entry: 11800.0
Stop Loss: 14001.0
Target: 8501.0
RR(BTC): 2.43
RR(USD): 1.50
Trade active
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.