If you've been looking to re-enter shorts on Bitcoin during this madness then we can see the price approaching the 3rd touch of the descending trendline formed on the hourly chart. We EITHER break through or bounce back from the higher low of the trendline into the next possible wave of shorts. I still believe we have a great possibility of seeing the price form further lows, especially with the coronavirus outbreak.
Nothing is certain with Bitcoin in times like this, so make sure you're using solid risk management techniques in order to avoid unfortunate losses.
This is NOT a financial advice, trade at your own risk!
Nothing is certain with Bitcoin in times like this, so make sure you're using solid risk management techniques in order to avoid unfortunate losses.
This is NOT a financial advice, trade at your own risk!
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We have just seen a doji candle close on the previous hourly candle stick. This could be a price action signal of a possible trend reversal coming in!
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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.