BitcoinShort
BTCUSD Short Strategy / 4hr timeframe
Type: Short
Entry : 11744.9
Stop loss : 12023.88
Target : 10380
R-R : 4.89
Explanation : BTCUSD was consolidated forming a triangle shape and broke down. Retracement about 70% of that downtrend is a great R:R place to take short trade . stop loss is above yesterday's highest price.
+) the current situation of crypto-market is Alts are showing pretty much bounce up and BTC seems more weakness. I feel the number of BTC buyer are getting less and less and it is time to take short btc.
Entry : 11744.9
Stop loss : 12023.88
Target : 10380
R-R : 4.89
Explanation : BTCUSD was consolidated forming a triangle shape and broke down. Retracement about 70% of that downtrend is a great R:R place to take short trade . stop loss is above yesterday's highest price.
+) the current situation of crypto-market is Alts are showing pretty much bounce up and BTC seems more weakness. I feel the number of BTC buyer are getting less and less and it is time to take short btc.
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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.