Short

BTCUSD down to 41k

Updated

Nice shorting opportunity for BTCUSD, the trade can be triggered at test of resistance at around 59500 USD. Stoploss and take profit as shown on the chart.

Trade active

Trade's been triggered

Note

We just hit 0.382 on the monthly chart, but that's barely enough to complete correction, so the trade remains active. Might drop down to 38-39k, but don't be greedy, let some room for others, take profit as shown. The trade is risk-free already so no worries, there is plenty of resistance so stop-loss is on 52700 from now on.

Trade closed: target reached

poplach

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.