BTC Short Idea

Aug 18, 2021

BTCUSD, 1d chart

• Weekly stochastic is not completely in the oversold territory, so we could expect a slight move up
  
• - there is a liquidity zone around 49.2K - 50K which could be the next target
  
• If that are will not be breached up side, and we see a price rejection we could expect a move downside
  
• with a tight stop loss above 51.6K (previous liquidity zone's high) we could get a generous risk/reward of 3:1
  

Aug 18, 2021

Note

Update with short position.