It looks like a market crash on smaller timeframe but on higher timeframe, it's just a correction. Bitcoin price has stabled after this correction but it can very well go further down.
However, at this point, it can see a recovery towards the upside. Let's try to take a low risk trade here. Just 1:1 would be fine as more US vs China news can come at any moment. No need to hold the trades for long and DO NOT TAKE LEVERAGE!
However, at this point, it can see a recovery towards the upside. Let's try to take a low risk trade here. Just 1:1 would be fine as more US vs China news can come at any moment. No need to hold the trades for long and DO NOT TAKE LEVERAGE!
Order cancelled
Support is intact but this trade setup is no longer valid. I'll make another chart right now with the updated setup : )
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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.