BTCUSD - Volatility Warning SHORT
Hello dear Crypto Fans
I wanted to give everyone a quick update, about my viewpoint on my BTCUSD Short.
BTCUSD
Right now we are trading inside a huge triangle, which will break out very likely in the next 7 days.
I am still expecting a drop to 7200, but i don't want to risk more than needed.
The situation, in which we are, is very dangerous.
Because of this i placed my Stop-Loss above the orange Wave 2, to minimize the risk in this trade.
Let's see what the next Days have ready for us!
My Trade Setup
Short at: 9316$
Profit Targets: 7900$ -> 7200$
Stop-Loss: 9522$
I wanted to give everyone a quick update, about my viewpoint on my BTCUSD Short.
BTCUSDRight now we are trading inside a huge triangle, which will break out very likely in the next 7 days.
I am still expecting a drop to 7200, but i don't want to risk more than needed.
The situation, in which we are, is very dangerous.
Because of this i placed my Stop-Loss above the orange Wave 2, to minimize the risk in this trade.
Let's see what the next Days have ready for us!
My Trade Setup
Short at: 9316$
Profit Targets: 7900$ -> 7200$
Stop-Loss: 9522$
Trade active
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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.