BTC-USD Selling Short+Charting Update+Countermesure strategies
2 Sceneries:
Purple Arrow-(my preference):
Main Data:
Indicator Top-Stop loss: 17,200.00$
Entering Selling Point: 16,788.97$
Target Shell(*):15,528.52$
R R Ratio: 3.06
Commentary:
The current impulsive upward movement, has been found an Indicator Top at the psychological resistance of 17,200 $ and a fibonacci Target Shell(*) as well.These facts trigger a corrective down projection to the Target Shell(*) of 15,528.52 $ that is a bouncing zone that would pull up prices to a new Target Shell (*) zone of 19,927.00.
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Red Arrow-(Alternative):
Main Data:
Indicator Bottom-Stop loss: 17,200.00$
Entering Buying Point: 17,637.03$
Target Shell(*):19,539.00$
R R Ratio: 5.35
Commentary:
If resistance level of 17,200 $ is broken a rally would take prices at least straight to the Target Shell(*) zone of 19,539.00 $.
Personally I won´t take this ride more than once, so there will be not "Stop loss Breakeven" for me this time.
Purple Arrow-(my preference):
Main Data:
Indicator Top-Stop loss: 17,200.00$
Entering Selling Point: 16,788.97$
Target Shell(*):15,528.52$
R R Ratio: 3.06
Commentary:
The current impulsive upward movement, has been found an Indicator Top at the psychological resistance of 17,200 $ and a fibonacci Target Shell(*) as well.These facts trigger a corrective down projection to the Target Shell(*) of 15,528.52 $ that is a bouncing zone that would pull up prices to a new Target Shell (*) zone of 19,927.00.
_____________________________________________________________________________________________________________________
Red Arrow-(Alternative):
Main Data:
Indicator Bottom-Stop loss: 17,200.00$
Entering Buying Point: 17,637.03$
Target Shell(*):19,539.00$
R R Ratio: 5.35
Commentary:
If resistance level of 17,200 $ is broken a rally would take prices at least straight to the Target Shell(*) zone of 19,539.00 $.
Personally I won´t take this ride more than once, so there will be not "Stop loss Breakeven" for me this time.
Trade fermée: cible de profit atteinte