BTC. I still see one leg down to the .618 Fib
If we don't break $8,885 then I see the $7,700 , $7,800 scenario.Monday I had my W,X,Y going to $7,200.I think there is to much support for that low of a drop.
Trade active
Trade active
-This is what I'm doing on this down slide.waited for confirmation ( drop below purple wave 1)- I opened up a short here for a scalp.
-R:R 3.3 to 1
Trade closed: target reached
I had my target set for my short at 7926 and BTC hit $7925 before bouncing.I think there is more profit to be taken but I'm happy with my 3% target.
Will scale out 50% and hold the rest for some more possible gains.
BTC looking very weak
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.