BitcoinShort
BTC/USD
BTC/USD
Short term analysis on the 4hr.
The red ranges are where I had my shorts positioned, and the green areas are where I will take profits and hedge into some potential longs.
If the first range of low 7000's doesn't hold, we can see BTC test the 6700-6500 range. I expect some big wicks when hitting these lows so keep your stops tight. Remember, you should not lose more than 1-2% of you capital when stopped out on a trade. Once your position is in profit, move your stop loss to entry level.
Short term analysis on the 4hr.
The red ranges are where I had my shorts positioned, and the green areas are where I will take profits and hedge into some potential longs.
If the first range of low 7000's doesn't hold, we can see BTC test the 6700-6500 range. I expect some big wicks when hitting these lows so keep your stops tight. Remember, you should not lose more than 1-2% of you capital when stopped out on a trade. Once your position is in profit, move your stop loss to entry level.
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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.
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.