BTC potential short
A short entry here is slightly premature but one to watch as we've rolled back under the 200 day moving average and having rejected the 100 day.
This descending channel has been in play since June so a target near 6.7k is plausible though perhaps ambitious. The 50 day moving average at 8.6k seems likely to be tested by this weekend (if not sooner) however.
Pricing rolling under 8.7k if followed by more volume on the sell side would be the things to watch for.
This descending channel has been in play since June so a target near 6.7k is plausible though perhaps ambitious. The 50 day moving average at 8.6k seems likely to be tested by this weekend (if not sooner) however.
Pricing rolling under 8.7k if followed by more volume on the sell side would be the things to watch for.
Note
Probably a good idea to either put in a trailing stop here or take some of the trade off and lock in some profit.Trade fermée: cible de profit atteinte
That'll do pig. That'll do.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.