The rising channel you see in the chart is leading BTCUSD into a daily resistance zone that includes a bearish harmonic pattern and a Fib confluence zone.
Stop loss above the psychological level, 2000 (with some buffer), should be enough if you want to try and trade Bitcoin lower based on this setup
Conservative entries - Below the Fast MA line and the trading channel (trading channel breakdown)
Stop loss above the psychological level, 2000 (with some buffer), should be enough if you want to try and trade Bitcoin lower based on this setup
Conservative entries - Below the Fast MA line and the trading channel (trading channel breakdown)
Note
Clearly that didn't work :)More about BTCUSD in this week's newsletter
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.
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.