BTC Broke Out Of Psychological $10K LEVELS
Many Buyers Came In To Drive The Price To The $11,441 High
After Reaching This High BTC Was Unable To Find Buyers At These Levels, And Gave A Excellent Opportunity For Sellers To Take Profits.
Massive Selloff Between $11,441 -> $9,000
Excellent 27% Drop
Bitcoin Is Currently Rebounding For The $9K Drop. It may pull up 10-15 % To Anywhere around $10,500-10,800 as A bounce
Current entry should have been short @ $11,000 break. With a stop loss of $11,450 and a target of $9K - Trade Should Have Been partialed out
Second short can occure @ break of $10,400 or Break of $10,000 for the dead cat bounce. Cover point will be target of $8,500 and the stop loss over $11K
Open short @ $11,400
Many Buyers Came In To Drive The Price To The $11,441 High
After Reaching This High BTC Was Unable To Find Buyers At These Levels, And Gave A Excellent Opportunity For Sellers To Take Profits.
Massive Selloff Between $11,441 -> $9,000
Excellent 27% Drop
Bitcoin Is Currently Rebounding For The $9K Drop. It may pull up 10-15 % To Anywhere around $10,500-10,800 as A bounce
Current entry should have been short @ $11,000 break. With a stop loss of $11,450 and a target of $9K - Trade Should Have Been partialed out
Second short can occure @ break of $10,400 or Break of $10,000 for the dead cat bounce. Cover point will be target of $8,500 and the stop loss over $11K
Open short @ $11,400
Trade active
BTC Short @ $10,400 ActiveTrade closed: target reached
9K REACHED TRADE CLOSED
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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.