Bitcoin
Short
Updated

BItcoin ranging looking for a sell setup

200
Price has been ranging from 107k to 102 k.. with rejection happening 3x at that key level and now making minor lower lows and lower highs.. I can see us getting to atleast 105 and possible back to that layer of support at 102k.
Trade active
We got a great drop as expected as the selling pressure showed us during friday it had a minor choch and already took out buyside liquidity.. we are 3/4 to the final target.. Now the next important step is to manage your profits. This is where I would move my stop loss and or take 80% in partials leaving the remaining to run the course. Never let profits turn into a loss. GReat trade to start out the week
Trade closed: target reached
Trade complete.. 3,ooo pips smashed

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.