BitcoinShort
RACEACEACE BTCUSD BITCOIN BEAR FRONTRUN
I believe January 3, 2020 UTC is a red day, but the bears will frontrun the market today at around 14:00 UTC.
I am waiting until 1. 10:00 and then 2. 14:00 to evaluate and determine my next trade.
I believe that the more time the price spends between 7121 and 7070, the more bearish it is. However, this does not rule out the possibility of a pump. I am currently not in a trade.
Currently, I believe the price action is similar to the price action on December 16, 2019. If by 14:00 utc today 7121 / 7221 / 7300, I believe 14:00 will offer a good short entry, with a stop above 7300.
Invalidation: a move above 7300
I trade the 1 minute chart, so I will update as the chart changes. I was sleeping and got stopped out of my long (tight stop). I usually do not use a stop, unless there is strong doubt, which there was.
I trade the possibility and make money. If you ae worried or if you think you will be 100% correct, good luck. Just so we are clear, I trade the 1 minute chart, so the updates are necessary as the bias / trade changes.
Anyways, that’s my idea. Thanks for checking me out!
I am waiting until 1. 10:00 and then 2. 14:00 to evaluate and determine my next trade.
I believe that the more time the price spends between 7121 and 7070, the more bearish it is. However, this does not rule out the possibility of a pump. I am currently not in a trade.
Currently, I believe the price action is similar to the price action on December 16, 2019. If by 14:00 utc today 7121 / 7221 / 7300, I believe 14:00 will offer a good short entry, with a stop above 7300.
Invalidation: a move above 7300
I trade the 1 minute chart, so I will update as the chart changes. I was sleeping and got stopped out of my long (tight stop). I usually do not use a stop, unless there is strong doubt, which there was.
I trade the possibility and make money. If you ae worried or if you think you will be 100% correct, good luck. Just so we are clear, I trade the 1 minute chart, so the updates are necessary as the bias / trade changes.
Anyways, that’s my idea. Thanks for checking me out!
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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.
Related publications
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.