Here we have another short-term move for you on the BTCUSD (Bitcoin) chart...
How To Trade?
We have some bearish candles forming after the strong challenge of resistance that happened yesterday.
Any bounce in a downtrend can be used to sell.
The resistance (stop-loss) can be set around MA200 or EMA300 ($38,940 to $39470).
The targets are set at lower support.
This can start at $36,380 followed by $35,480 and finally $33,055.
Additional details on the chart.
Namaste.
How To Trade?
We have some bearish candles forming after the strong challenge of resistance that happened yesterday.
Any bounce in a downtrend can be used to sell.
The resistance (stop-loss) can be set around MA200 or EMA300 ($38,940 to $39470).
The targets are set at lower support.
This can start at $36,380 followed by $35,480 and finally $33,055.
Additional details on the chart.
Namaste.
Trade closed: stop reached
Note
Not looking good when the rejection takes place right at "resistance".
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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.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.