XBT short Opportunity
Bitcoin recently failed to break it's daily previous high around the 10k mark, and had a violent rejection down to 8K.
It's now climbed it's way up to the 61.8 of that drop, which is the optimum price point to go short.
I've also placed a short just below the supply zone created when we fell out, as I could see a wick up there.
It's now climbed it's way up to the 61.8 of that drop, which is the optimum price point to go short.
I've also placed a short just below the supply zone created when we fell out, as I could see a wick up there.
Trade closed: stop reached
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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.