Bitcoin is displaying an ABCD harmonic pattern on the daily. This gives rise to a potential short opportunity.
https://mk0frxecom4dckn3vun7.kinstacdn.com/wp-content/uploads/2018/10/ABCD.png
The idea is to short bitcoin above 7500 with stoploss just above 7800. Targets are 7200, 6800 and 6200. This idea gives a risk-reward ratio of over 4.
https://mk0frxecom4dckn3vun7.kinstacdn.com/wp-content/uploads/2018/10/ABCD.png
The idea is to short bitcoin above 7500 with stoploss just above 7800. Targets are 7200, 6800 and 6200. This idea gives a risk-reward ratio of over 4.
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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.