Bitcoin short opportunity
Updated
Today, Bitcoin made a low of 9,900 followed by a bull run of 11,427.
I'm looking at 1 hour chart and the green candle I'm pointing at resembles a gravestone doji, implying the bulls are tired.
Short is confirmed by the following red candle. trade active at 11,294
To support this short/panic whatever you want to call it. In addition to China, Korea, we've now mixed reports from India.
Also, today Stripe did something bad:
stripe.com/blog/ending-bitcoin-support
I'm looking at 1 hour chart and the green candle I'm pointing at resembles a gravestone doji, implying the bulls are tired.
Short is confirmed by the following red candle. trade active at 11,294
To support this short/panic whatever you want to call it. In addition to China, Korea, we've now mixed reports from India.
Also, today Stripe did something bad:
stripe.com/blog/ending-bitcoin-support
Note
It's going down as expected. We're down from 11,294 to 11,000 (at the time of writing). Market is highly volatile, use stop loss to book profit.
Note
This trade is going perfect. We're now down from 11,294 to 10,594Crypto is volatile, so again use stop loss to book your profits.
Note
We've got a bullish candle on the hourly chart. Bulls are fighting back. Hopefully, you've closed your positions when it went down to 10,443
Trade closed: target reached
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.