Short
Short BTC on retracement before another leg down
It's been awhile, but I am going to try a trade oout on BTC.
The idea is lower lows and 8-41 EMA cross down signifies bearish trend. 3 red candles have already taken us down $50 and a little re-tracement is expected before another leg will follow. My short area (horizontal lines) I made from top/bottom wicks of previous candles.
Wish me luck!
The idea is lower lows and 8-41 EMA cross down signifies bearish trend. 3 red candles have already taken us down $50 and a little re-tracement is expected before another leg will follow. My short area (horizontal lines) I made from top/bottom wicks of previous candles.
Wish me luck!
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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.