CALL ME CRAZY
I am taking a short on Bitcoin.
-We had broken the trend on Dec 3RD and used it as resistance on the 7TH.
-We keep using the 50k area as resistance.
-Hidden Bearish Divergence on the 4H chart.
-Total Market Index looking to shave off 10-15%
Trade Set Up;
Entry - Current Price = $47,870
Tight Stop - Above $49,478
Stop --Above $50,843
Take Profit - $40,704-$43,521
*Not Trading Advice*
-We had broken the trend on Dec 3RD and used it as resistance on the 7TH.
-We keep using the 50k area as resistance.
-Hidden Bearish Divergence on the 4H chart.
-Total Market Index looking to shave off 10-15%
Trade Set Up;
Entry - Current Price = $47,870
Tight Stop - Above $49,478
Stop --Above $50,843
Take Profit - $40,704-$43,521
*Not Trading Advice*
Trade closed: target reached
Took a few times getting stopped out on this one.
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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.