Bitcoin Prediction: Short Position(Swing Trade)
Updated
Our position trade in my channel is still active. The loss from previous trade is definitely a careless mistake from me since I was too rushing to benefit our members. Although I am on vacation but I decided to provide another swing trade correlated with my own position trade here. The channel and group is free but I am still responsible for all the followers. All the best.
I can provide some prediction based on my views here:
A) I expect to see bitcoin to hold below $7700 soon.
B) $7550 and $7350 should be retested soon.
C) Major resistance is placed at $8400
Short Position Set Up
Entry Prices: $8200-$7940
Stop Loss: $8260
Take Profit: $7700, $7400
Risk:Reward: 1:4
Below is the chart when I have advised my members to activate their short position immediately including myself.
I can provide some prediction based on my views here:
A) I expect to see bitcoin to hold below $7700 soon.
B) $7550 and $7350 should be retested soon.
C) Major resistance is placed at $8400
Short Position Set Up
Entry Prices: $8200-$7940
Stop Loss: $8260
Take Profit: $7700, $7400
Risk:Reward: 1:4
Below is the chart when I have advised my members to activate their short position immediately including myself.
Note
First take profit reachedTrade closed: target reached
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