Bitcoin forming a bearish channel that still in this downtrend and we're in the good point to short in Daily timeframe to short this bear market. Also I read that Elon Musk (CEO of Tesla) sold all his Bitcoin worth in over $770 million. Also for reference, I apply the fibonacci level and Bitcoin it's in the point of 0.382% to sell in this timeframe. We formed a bearish hammer indicating sell-off.
I will take a short position now and I put my sell order limit to $22,500 USD. Stop Loss to $25,650 USD and my target to $14,000 USD.
I see a bearish perspective in Daily and Bitcoin it's preparing to another crash incoming.
Good luck!!!
I will take a short position now and I put my sell order limit to $22,500 USD. Stop Loss to $25,650 USD and my target to $14,000 USD.
I see a bearish perspective in Daily and Bitcoin it's preparing to another crash incoming.
Good luck!!!
Trade closed manually
Closed up manually, By bad news of USD in Forex market.
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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.