BTCUSDT.P Bearish idea
Last trade recap- Last trade I was stopped hunted then price went my way, no worries though, What I learned from it is just to watch my entries.
Todays trade I'm still bearish on BTC and here's why. I have marked out the highs and lows for daily and see that price looks like it wants to move to the daily low. On the 30m timeframe we see a break of structure happen meaning a change of character from the little up trend that we had. Now also on the 15m we have created a bearish fair value gap that price has seem to respected. The only thing i'm worried about is price did hit one of the daily lows with no displacement but I'm still thinking price isn't done moving down until it taps that draw of liquidity at the bottom which is where I have my Take profit set at. Let me know what you guys think,
Todays trade I'm still bearish on BTC and here's why. I have marked out the highs and lows for daily and see that price looks like it wants to move to the daily low. On the 30m timeframe we see a break of structure happen meaning a change of character from the little up trend that we had. Now also on the 15m we have created a bearish fair value gap that price has seem to respected. The only thing i'm worried about is price did hit one of the daily lows with no displacement but I'm still thinking price isn't done moving down until it taps that draw of liquidity at the bottom which is where I have my Take profit set at. Let me know what you guys think,
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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.