Hello and welcome to my Bitcoin analysis!! In this occasion I´m coming with a short position that I´m pretty confident it will success. After seeing what happened yesterday with the trendline breakout and todays market behaviour, I will make a margin trade with a nice profit ratio.
I´m not seeing any strong supports in any of the timeframes, there is no volume and now we are getting a couple of retail trading days. Ichimoku clouds are showing weakness in all the timeframes and that makes the idea to be strong enough to break the 1 hour kumo looking for the 0.382 fibo level.
Have a safe trade!!
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I´m not seeing any strong supports in any of the timeframes, there is no volume and now we are getting a couple of retail trading days. Ichimoku clouds are showing weakness in all the timeframes and that makes the idea to be strong enough to break the 1 hour kumo looking for the 0.382 fibo level.
Have a safe trade!!
····· If you consider this analysis useful, please thumbs up and follow me :) ······
Trade active
Note
The price has dangerously touched the new high resistance without breaking it, so our trade is still alive.Good news in smaller timeframes like the 15 min chart, we have broken the kumo without any problem and the price is getting consolidation right now.
After we hit the TP level, more drops are coming. I´ll keep updating.
Trade closed: stop reached
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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.
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.