Bitcoin
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BITCOIN IS DEAD!? >_<

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  • As you might know, we had short position as entry at $10,900.
  • We are moving out stop to trailing at $10,540
  • Our first target is sitting at $9,900, second target is around $9,000. Final target is at $7,200.
  • Potential reversal zone for buyers is sitting between $10,000 and $9,000.
  • Potential reversal zone for sellers is sitting between $11,133 and $10,752

If we break $9,000 - I can see a volatile move towards $7,200 which is the %61.8 fibonacci retracement level.
It is probably your best interest to wait for the Daily Candle closed. I will make sure to update tomorrow's daily trend here as well SO
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Thanks for the support Megalodons.
I appreciate you all!
Let me know what you think about Bitcoin :) and don't forget to drop a COMMENT if you enjoyed the video.
~Bo
Megalodon Trading
Enlightening the modern investors
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Trend Caller Closed with a Bullish Signal for today's bar!
ekran görüntüsü
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If the 4 hour chart closes like this, this M formation will be confirmed.
ekran görüntüsü
The next target would be below 9k levels for the Bears.
I think it would be in everybody's best interest to let this play out.
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We are taking profits around $10,130 level (2.53%), and also moving our stops to our initial entry at $9,878! If we can break above $10,155, the swing trade will be on with final target at 10,412 and stops around $10,042.
ekran görüntüsü
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Bull and Bear scenarios are explained here...
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Can we break the latest trendline?

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.