BTCUSD: Short Term Target 10k
Target should be reached until Sunday.
This trading ideas follows up 2 before looking for extrem short term counter trend moves, following form behavioral finance historic lessons tha negativ news climax could be answered one or two times by an short term spike to the upside. Countertrend trades are extremely fast but also showing a very high risk. One trading idea was exactaly right, the other one a complete miss:
Right:
Miss:
Target should be reached until Sunday.
This trading ideas follows up 2 before looking for extrem short term counter trend moves, following form behavioral finance historic lessons tha negativ news climax could be answered one or two times by an short term spike to the upside. Countertrend trades are extremely fast but also showing a very high risk. One trading idea was exactaly right, the other one a complete miss:
Right:
Miss:
Note
BTCUSD is following the downtrendline. Any break could cause a short term spike to the upside. If BTC might not be able to break the short term downtrend than new lows will occur.Note
Technical View: Please click on the chart to load facts & figures.
Note
Downtrend line broken: Expect short term strong upside momentumTrade active
The Eurphoria came to early, definitely: BTC unable to cross 9.500 now falling back folowing the downtrendline. Any break below will trigger new sell off:If ever it might go down - it will go fast. A stopp loss should be in place now
Trade active
BTC stays above both down trendlines. Looks like its finding some support there. Even the 10k was not reached today (9.500 yesterday) it looks like that BTC is getting a second chance to rise to 10k. Trade closed manually
Downtrendline broken - crash.Note
Sell off accelerates:
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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.