Bitcoin - time for profit taking - sell on 4H
Updated
Dear traders and followers,
welcome to todays Bitcoin market update !
We´ve analysed two possible Bitcoin movements. In generell it´s very risky to short within this straight bull trend. Enter only with 5% of your total capital and add more capital if the trend reversal has been confirmed.
The first one is drawn in the chart. Market could make one more final up move to liquidate current short orders and make a bull trap. Volume is needed to dump all the big bags. Set your sell orders as drawn in the chart.
The second possible movement is the following: Market goes into sideways movement for the next 24 hours. Open short if market doesn't make a new high within the next 24 hours.
The Indicators on higher time frames (RSI,MACD & Bollinger bands on 12H and daily chart) showing incoming trend reversal which support our general sell idea.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
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welcome to todays Bitcoin market update !
We´ve analysed two possible Bitcoin movements. In generell it´s very risky to short within this straight bull trend. Enter only with 5% of your total capital and add more capital if the trend reversal has been confirmed.
The first one is drawn in the chart. Market could make one more final up move to liquidate current short orders and make a bull trap. Volume is needed to dump all the big bags. Set your sell orders as drawn in the chart.
The second possible movement is the following: Market goes into sideways movement for the next 24 hours. Open short if market doesn't make a new high within the next 24 hours.
The Indicators on higher time frames (RSI,MACD & Bollinger bands on 12H and daily chart) showing incoming trend reversal which support our general sell idea.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
Note
This is the second possible incoming movement Trade active
Trade closed: target reached
15 % ROI without any leverage - 45 % with only x3 leverage. Congrats to all shorts ;)
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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