BitcoinShort
BTCUSD Major Sell Off
Our daily bias has been bearish from the last major swing ($48265.00) on the daily timeframe. Our MA's crossed over and we are bearish. We recently just broke out of a daily channel with a retest trading into our daily imbalance at $42124.76.
We have a propulsion block on the daily timeframe at $40585.37 and an imbalance on H4 at $40291.95. These 2 price areas are our entry points which are relatively close to one another. $40585.37 has more confluence due to the fact that we have supply zone to sell into.
Our targets are as follows:
TP1@ $34990.52
TP2@ $33695.07
TP3@ $31104.96
Note: High possibility price may not trade up into our entry point because buyers are under pressure
We have a propulsion block on the daily timeframe at $40585.37 and an imbalance on H4 at $40291.95. These 2 price areas are our entry points which are relatively close to one another. $40585.37 has more confluence due to the fact that we have supply zone to sell into.
Our targets are as follows:
TP1@ $34990.52
TP2@ $33695.07
TP3@ $31104.96
Note: High possibility price may not trade up into our entry point because buyers are under pressure
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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.