BTCUSD - SHORT POSITION - 45 % profit NEW)
Dear traders!
In January we published trading idea where we explained that Bitcoin has a chance to pump towards 28k-30k which is yearly resistance:
As the price is doing exactly what we expected, dips are still for buying, we believe that Bitcoin will retest this yearly resistance soon.
Now it's time to plan the SHORT position.
On the chart you can see 2 probable paths for the price.
30k $ is the area where we should see a lot of selling pressure and we believe that it will be a great entry for a swing short position!
Final target for this short position would be the retest of the previous bottom.
In this case we would get a higher low or double bottom which would be bullish for a continuation of the bull market which we believe that has already started!
What do you think?
Do you agree with us?
Leave your comment please :)
Good luck!
In January we published trading idea where we explained that Bitcoin has a chance to pump towards 28k-30k which is yearly resistance:
As the price is doing exactly what we expected, dips are still for buying, we believe that Bitcoin will retest this yearly resistance soon.
Now it's time to plan the SHORT position.
On the chart you can see 2 probable paths for the price.
30k $ is the area where we should see a lot of selling pressure and we believe that it will be a great entry for a swing short position!
Final target for this short position would be the retest of the previous bottom.
In this case we would get a higher low or double bottom which would be bullish for a continuation of the bull market which we believe that has already started!
What do you think?
Do you agree with us?
Leave your comment please :)
Good luck!
💥 Free signals and ideas ➡ t.me/vfinvestment
Related publications
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.