Looking at a short entry on BTC/USD
We have tested the 61.8 Fib level and btc could use a pullback.
We see BTC pulling back down to the $11.6K area. Almost exactly $11,600 (we will use it as our target)
Give your SL some room, and ALWAYS USE A SL.
If you don't know how to use an SL with say Bitfinex please google how to place a stop. It's Vital.
We have tested the 61.8 Fib level and btc could use a pullback.
We see BTC pulling back down to the $11.6K area. Almost exactly $11,600 (we will use it as our target)
Give your SL some room, and ALWAYS USE A SL.
If you don't know how to use an SL with say Bitfinex please google how to place a stop. It's Vital.
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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.