Bitcoin / TetherUpdated BTCUSD short
looking at the momentum shift here in BTC.
I think its very possible we see a down turn to T1 and then either bounce to continue strong uptrend, or rollover to T2.
Due impending upward pressure and money shift to BCC and the past "runaway" train movements on BTC i believe we could be in for a major adjustment / consolidation following a head and shoulders pattern.
I have gone short on BTC
stop limit: $4215 usd
target 1: $3450 usd
target 2: $2850 usd
once head shoulders breakdown confirms at $3850 usd I will be moving my stop limit down to my short entry point of $4100 usd to produce a no risk short.
stay vigilant and be sure to do you own research to make decisions on trading as this is simply and idea and isn't trade advice or encouragement
regards
the trading tradie
I think its very possible we see a down turn to T1 and then either bounce to continue strong uptrend, or rollover to T2.
Due impending upward pressure and money shift to BCC and the past "runaway" train movements on BTC i believe we could be in for a major adjustment / consolidation following a head and shoulders pattern.
I have gone short on BTC
stop limit: $4215 usd
target 1: $3450 usd
target 2: $2850 usd
once head shoulders breakdown confirms at $3850 usd I will be moving my stop limit down to my short entry point of $4100 usd to produce a no risk short.
stay vigilant and be sure to do you own research to make decisions on trading as this is simply and idea and isn't trade advice or encouragement
regards
the trading tradie
Trade active
STOP MOVED to $4000 usd.this will ensure small profit and no risk trade
TARGETS still remain
good luck ladies and gentlemen!
Trade active
I'm watching very carefully right now, hopefully small uptrend reverses however it isn't looking likelyTrade closed: stop reached
late updatestop was reached after BTC almost hitting T1
as stop was rolled down trade was closed still clearing a profit
succesful trade
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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.