At the last 4 hour momentum, Bitcoin showed a reversal into a bearish cycle. At a price of 38555 the BTC began to rise and go into correction.
At the moment, the price is completing the correction and is approaching the last point of interest - the chart shows it as an entry zone for a short position. This entire area is a order flow, or a single Order Block on the daily time frame.
At the moment, the price is completing the correction and is approaching the last point of interest - the chart shows it as an entry zone for a short position. This entire area is a order flow, or a single Order Block on the daily time frame.
Note
Order Block mitingation. Confirmation of reversal on a lower timeframe is required.Note
Weekly timeframe looks like bullish. Dont short without reversal confirmation.Note
I took the risk on short, entry timeframe 1H, trade timeframe 4HTrade active
Three target pointsTrade closed: stop reached
The position is closed by stop loss. Well, let's see what happens next.Note
under control
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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.