Although we have strong support at 
36K….the news around the world is not looking nice. Bitcoin Fear and Greed index is at 20 (almost all time low) for confidence in the market. The euro and ruble are down bad, and we are still facing the unknown as far as investors lifeboating BTC and potential sell off. Momentum will be hard to pick back up considering the EMA cloud until mid March. Here is my current trade:
Entry Price $38,000
Target Take Profit Price $32,500
Stop Loss $38,500
Bearish Position
Trade Smartly, Always use stop loss. Stay up to date on the latest events. BUY DIPS AND EAT CHIPS
36K….the news around the world is not looking nice. Bitcoin Fear and Greed index is at 20 (almost all time low) for confidence in the market. The euro and ruble are down bad, and we are still facing the unknown as far as investors lifeboating BTC and potential sell off. Momentum will be hard to pick back up considering the EMA cloud until mid March. Here is my current trade:Entry Price $38,000
Target Take Profit Price $32,500
Stop Loss $38,500
Bearish Position
Trade Smartly, Always use stop loss. Stay up to date on the latest events. BUY DIPS AND EAT CHIPS
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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.
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.