GRT/BTC looks Bad
BTC also needs to dump at some point very soon
the combination makes a Low Risk/High Reward trade for GRT SHORT, 1:6
RSI also broken down under RSI MA
BTC also needs to dump at some point very soon
the combination makes a Low Risk/High Reward trade for GRT SHORT, 1:6
RSI also broken down under RSI MA
Note
^ Important to note, you don't always have to just Short at the Blue Line, sometimes because of market sentiment, price won't reach. You see that dotted red line? That's the VWAP. Quite often price will get rejected there. Shorting the 1 hour candle at close after rejection of the VWAP would have been a great trade as well.Note
weeeeeeeeeeeeeeeeeeeeeeTrade closed manually
Taken profit for nowDisclaimer
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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.