BitcoinShort
BTC Rejection and Retrace Short
In this last up move, we touched the 50% Fib Top to Bottom level to a T. Depending on how the next few candles form, this level would be good to open up a short in case we get rejected. Stops would be just above the 50% retrace level.
Target would be around 7000 and then 6800 for the bounce.
This is a good high probability play, where you can use tight stops to control the entry.
Target would be around 7000 and then 6800 for the bounce.
This is a good high probability play, where you can use tight stops to control the entry.
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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.