Bitcoin at 50%
BTCUSD has retraced from the low it made off the last ATH to a 50% retracement level of the move. Some traders are shorting this and it is a logical choice. Traders can know that their risk lies just above the 50% in the 53k-54k range. Breaching this stop range would likely lead to a retest and possible break of the high. Holding this level is a sign to retest and break the low.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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.