I know this is a 15 min TF.
BTC macro is already bearish. And if we were to go by the fractals, the next impulse move needs to be downwards(below 60keks). So, it's essential to time the trigger.
This 15 min chart gives you the idea of that exact trigger. In less than 24H, we can expect Bitcoin to breakdown of this range ($62-74k), and continue its downtrend.
If you're looking to short, it might be prudent to place layered stop-losses between 75-76k, and 79-80k.
BTC macro is already bearish. And if we were to go by the fractals, the next impulse move needs to be downwards(below 60keks). So, it's essential to time the trigger.
This 15 min chart gives you the idea of that exact trigger. In less than 24H, we can expect Bitcoin to breakdown of this range ($62-74k), and continue its downtrend.
If you're looking to short, it might be prudent to place layered stop-losses between 75-76k, and 79-80k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.