Good morning traders,
Bitcoin has broken the trend line support in 6 hours and in the daily time frame which is a sign of weakness. Confirmation is lower than 45,000. Risk and Reward are not good in this short position 1:1 and the trade idea is also against the trend but the weakness is there. I suggest Book your profit at this point... Short Position is a bit aggressive and considers only lower than 45000. More pain you will see on the breakdown of 45,000 and can go on next support at 38,000
Bitcoin has broken the trend line support in 6 hours and in the daily time frame which is a sign of weakness. Confirmation is lower than 45,000. Risk and Reward are not good in this short position 1:1 and the trade idea is also against the trend but the weakness is there. I suggest Book your profit at this point... Short Position is a bit aggressive and considers only lower than 45000. More pain you will see on the breakdown of 45,000 and can go on next support at 38,000
Trade active
trade triggered. Revised the sl and it's now on 49,000. . Target is the same.
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Website: vpcapitalresearch.com
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Telegram: t.me/Virupandey81
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
Youtube: youtube.com/@Virendrapandey81
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
Youtube: youtube.com/@Virendrapandey81
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.