BTC is in correction mode and has made almost a 100% retracement since the drop from $6000 while bouncing on the Fibs along the way. I already shorted @ $5911 but since there may be more downside remaining (if a trend reversal is confirmed) there may be more entry points (with tight SL) as we head lower. I'll make note of those entries as I update this position.
Trading Signal for BTC:
ENTRY: 5920 - 5900
TAKE PROFIT: tp1: 5740 tp2: 56200 tp3: 5550
STOP LOSS: 5930
LENGTH: 2-3 days +
(Once again, currently in the middle of this trade but will update with possible entries)
Trading Signal for BTC:
ENTRY: 5920 - 5900
TAKE PROFIT: tp1: 5740 tp2: 56200 tp3: 5550
STOP LOSS: 5930
LENGTH: 2-3 days +
(Once again, currently in the middle of this trade but will update with possible entries)
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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.