BitcoinShort
BTCUSD : Neighborhood bear watch
Need to watch BTC very carefully inside this pennant. As we saw just a week ago, ETH broke its pennant and is down to $175 from $300!
We have had a 0.618 Fib retrace and 3 consecutive lower highs.
Right now we are in a potential bull trap position where a fake out might occur to the upside trapping longs. Bearish move invalidated ( for now ) if close above $6380.
Looking to short the retest of pennant when we break down.
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My position
Entry : $6240 ( after $6240 is breached I will place order )
TP1 : 59XX
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My ideas are not finacial advice.
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We have had a 0.618 Fib retrace and 3 consecutive lower highs.
Right now we are in a potential bull trap position where a fake out might occur to the upside trapping longs. Bearish move invalidated ( for now ) if close above $6380.
Looking to short the retest of pennant when we break down.
----------------------------------------------------------------------------
My position
Entry : $6240 ( after $6240 is breached I will place order )
TP1 : 59XX
----------------------------------------------------------------------------
My ideas are not finacial advice.
----------------------------------------------------------------------------
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.
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.