BitcoinShort
BTC/USD Short with 5.4 R/R - possible SFP in play
Dear Traders all around the world
Today we're taking a look at BTC/USD. If you like my work, feel free to like & subscribe. I'm always interested in your opinions, so leave a comment down below!
We're finally taking out our 19th January high at $3784. As shown in the chart, we have a nice symmetrical triangle. Current trendline-top could match with a possible SFP (Swing-failure-pattern). Therefore, I'm considering to short BTC/USD, while mainly targetting for $3220-3250. If we manage to close our daily candle above $3870-3890, this get's invalidated.
Letting PA develop before taking any further action. Updates following.
Today we're taking a look at BTC/USD. If you like my work, feel free to like & subscribe. I'm always interested in your opinions, so leave a comment down below!
We're finally taking out our 19th January high at $3784. As shown in the chart, we have a nice symmetrical triangle. Current trendline-top could match with a possible SFP (Swing-failure-pattern). Therefore, I'm considering to short BTC/USD, while mainly targetting for $3220-3250. If we manage to close our daily candle above $3870-3890, this get's invalidated.
Letting PA develop before taking any further action. Updates following.
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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.