Bitcoin / TetherShort
BTCUSDT: Bearish Blip
Price closed above the Keltner's higher channel.
RSI 14-period peaked higher than 60%.
RSI 3-period peaked higher than 70%.
Price starts to range at the overbought area.
This is a sign of a Bearish Blip, a potential reversal.
To begin cost averaging or to enter a sell/short order, go to the 1-hr time frame and wait for the price to close below 50% of the RSI 14-period and/or when price closed below 26790.
Apply 1:2 risk ratio or trailing stop loss.
White dot arrows illustrates possible price movements.
/please DYOR/trade at your own risk
RSI 14-period peaked higher than 60%.
RSI 3-period peaked higher than 70%.
Price starts to range at the overbought area.
This is a sign of a Bearish Blip, a potential reversal.
To begin cost averaging or to enter a sell/short order, go to the 1-hr time frame and wait for the price to close below 50% of the RSI 14-period and/or when price closed below 26790.
Apply 1:2 risk ratio or trailing stop loss.
White dot arrows illustrates possible price movements.
/please DYOR/trade at your own risk
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.