BitcoinShort
XBTUSD; Distribution On-going
- Wide spread Bear candles with high volume
- Break of trend-line and unable to break the short-term high of 8800 USD
- Demand dries up and we are testing the support of 6800 - 7000
EP: 8000 - 7800
TP1: 6900 - 7000
SL: 8300
*This is a short to mid-term trade. On a longer term, market is still bull for now.
- Break of trend-line and unable to break the short-term high of 8800 USD
- Demand dries up and we are testing the support of 6800 - 7000
EP: 8000 - 7800
TP1: 6900 - 7000
SL: 8300
*This is a short to mid-term trade. On a longer term, market is still bull for now.
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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.