BTC is playing an ascending channel on the small time frame.
I think a good entry would be 8109 and around that price.
Stop loss 8000 -
Reward/Risk Ratio
You are risking losing $100 using a stop loss or profiting $500 selling at 8600 target. We have some heavy resistance around the 8700-9000 range. I do this we are going to get rejected honestly and this was an artificial pump building up for some big shorts.
I think a good entry would be 8109 and around that price.
Stop loss 8000 -
Reward/Risk Ratio
You are risking losing $100 using a stop loss or profiting $500 selling at 8600 target. We have some heavy resistance around the 8700-9000 range. I do this we are going to get rejected honestly and this was an artificial pump building up for some big shorts.
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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.