BTC SHORT
Currently, BTC/USD is showing signs of bearish momentum after rejecting the 62,666 level. The price has filled a Fair Value Gap (FVG) and is retracing from the recent highs, sitting around 62,150 at the time of this post. We also have a strong Order Block (OB) around 63,000, which is acting as overhead resistance.
Key Indicators:
Price rejection at 62,666.
Overhead supply from the Order Block (OB).
FVG filled, indicating potential for a downside move.
Bearish signs as price moves below key moving averages.
Trade Idea: I'm looking to short BTC from the current levels, with targets between 61,800 - 61,500 where another FVG and support lie. A break below these levels could confirm further downside.
Stop Loss: Just above 62,700 to protect against a reversal.
Let's see how the price plays out from here!
Key Indicators:
Price rejection at 62,666.
Overhead supply from the Order Block (OB).
FVG filled, indicating potential for a downside move.
Bearish signs as price moves below key moving averages.
Trade Idea: I'm looking to short BTC from the current levels, with targets between 61,800 - 61,500 where another FVG and support lie. A break below these levels could confirm further downside.
Stop Loss: Just above 62,700 to protect against a reversal.
Let's see how the price plays out from here!
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.