TradingView
Closebutnotquite
24 sept. 2022 04:37

Thoughts on BTC Short

Bitcoin / TetherUSBinance

Description

Hello friends, I'm still waiting for an opportunity to open my short position. We could witness rapid growth this weekend. Below are my assumptions on why could this happen:
1. Clear RSI divergence.
2. Fair value gap above.
3. Three drives pattern has formed.
4. The stock market is closed.
5. Low volume, hence, it's easy to manipulate the price.
Overall, my entry point would be 21 300-21 500, stop loss - 23 000, take profit - 12 500-14 000 (that's where the last unfilled monthly gap and a bullish order block are located).
Follow me for more future trade opportunities.

Commentaire

Still waiting

Ordre annulé

\this poi is not valid anymore

Transaction en cours

I was spooked by SPX and thought the price won't reach aforementioned target, but BTC didn't move at all, I think when SPX will make a correction to the upside, BTC will fill the imbalanced region. In summary, I'm still waiting and putting my order slightly lower at 21 000

Transaction en cours

Waiting for the price reaction to the FVG

Transaction en cours

The plan remains the same.
Commentaires
SwallowPremium
Thank you for sharing, I like your style!
f4taL1ty
Perfect idea
Closebutnotquite
@f4taL1ty thank you!
Plus