BTC/USD Looking For Final Leg Down
Updated
BTC/USD has been trading in a downtrend these last days. I am expecting another push down before buyers start accumulating around 1/3rd of its highest selling price. Entering short as close as possible to $8600 with stops above $8800 and looking for 2R/3R targets around $8000-$7600 seems reasonable.
Trade active
Short entry $8560Trade closed: target reached
1R target reached.Trade closed: target reached
2R target reachedDisclaimer
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.