BitcoinShort
XBT: 2nd Drop Ahead
Very straight forward and easy to read technicals. A guaranteed touch-down at 6.6k if 'daily' PSAR remains unbroken in the next 3 days. Even if broken, won't be able to hold the remaining two MA's weight. Connections have been averaged with step-line over linear for higher precision.
1. exit short position at 7.2k
2. rebound to 7.8k area
3. re-short till 6.6k
(approximations = +/-0.1k)
Once arrived, we can reassess MA positions along with candle analyses to conclude potential value increase or further drop post consolidation.
1. exit short position at 7.2k
2. rebound to 7.8k area
3. re-short till 6.6k
(approximations = +/-0.1k)
Once arrived, we can reassess MA positions along with candle analyses to conclude potential value increase or further drop post consolidation.
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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.