Bitcoin
Short
Updated

BTC/USD 4H PAIR........

453
Based on My provided information, My looking at a Bitcoin sell position with the following key points:

Sell Position: 83,000

Resistance: 84,000

Target Point 1: 78,000

Target Point 2: 75,000


This indicates that you're considering selling Bitcoin at 83,000 and targeting a drop to 78,000 or 75,000, with 84,000 acting as the resistance level. If Bitcoin fails to break the 84,000 resistance level, you expect the price to decline toward your target points.

If the price approaches 84,000, it would be important to monitor for any signs of a reversal, as that could signal a potential failure of your sell strategy. If the price reaches your target points (78,000 or 75,000), it could be time to consider locking in profits, depending on your risk tolerance.

Would you like assistance with analyzing this further or building a strategy around it?
Trade active
trade active from 83.000
Note
keep hold
Trade closed: target reached
Entered a sell at 83,000
1st Target Successfully reached
2nd Target also completed
Note
All Targets done

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.