BTC has been drawing lower highs and lower lows for the past few days suggesting the presence of a bear market. Furthermore, the coin appears to be drawing a large bearish bat pattern. The RSI is also largely overbought.
In my opinion, the coin has just pumped to take out stop-loss from short traders.
I expect a continuation from the downward weekly momentum and suggest we could be close to a local high.
Short between 47k- 48k
Stoploss: 49.2k
Take Profit: 44k, 41k and 38k
In my opinion, the coin has just pumped to take out stop-loss from short traders.
I expect a continuation from the downward weekly momentum and suggest we could be close to a local high.
Short between 47k- 48k
Stoploss: 49.2k
Take Profit: 44k, 41k and 38k
Operación cerrada: precio stop alcanzado
BTC has went against our ideas and has decided to first pump to the larger time frame resistance before resuming the downtrend.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.