Will BTC direction continue falling down ?
Updated
I opened my first short after the price return to 4360 after the price broke the yellow trend line now I think it will be reasonable to increase my position size after the price will return and touch the blue trend line or the price will break down the small yellow symmetrical triangle.
the price should reach 3800- 3900$ by finishing the ABC correction (i based it on wave A=wave C tendency) touch the green trend line or 3798 (support line place to close short)
Then we should see trend continuation or only a flag of a new bearish market.
the price should reach 3800- 3900$ by finishing the ABC correction (i based it on wave A=wave C tendency) touch the green trend line or 3798 (support line place to close short)
Then we should see trend continuation or only a flag of a new bearish market.
Trade active
increase short position size stop loss at 4200Trade closed: stop reached
stop loss activated strong up trend possibility, change position to long
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.