BITCOIN from 13.09.2024. PRICE REDUCTION TO 52500 WITHIN A WEEK
Yesterday, our position on Bitcoin passed by stop, according to the trading strategy, the next positions on bitcoin were not opened. My expectations for today are flat, an attempt to break through the level of 58500 again, but the mood is more short than long, so I am not going to open positions. If Bitcoin goes below 57500, it is possible to open a medium-term short position with a take profit of 52500. The idea will be updated as Bitcoin moves.
Yesterday, our position on Bitcoin passed by stop, according to the trading strategy, the next positions on bitcoin were not opened. My expectations for today are flat, an attempt to break through the level of 58500 again, but the mood is more short than long, so I am not going to open positions. If Bitcoin goes below 57500, it is possible to open a medium-term short position with a take profit of 52500. The idea will be updated as Bitcoin moves.
Note
It's possible to increase up to 59000. After that we can look for opening short positions from 59000-59500. If Bitcoin is going to decrase and 4H close under 57500, we can open short position. In any case, I expect a decrease, but we should choose the right entry point. Be careful! I will update Note
Open short. Stop - 60700. Take - 53000. Risk - 5%Trade active
I did not receive a stop, looking for position. Short until 53000Trade active
HoldTrade closed: stop reached
The situation with bitcoin changes every 4 hours and it is quite normal that stops are triggered. Keep!
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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.