Bitcoin Short to Test Monthly 50 Moving Average
Updated
- For educational purposes only -
The latest move imo was to clear the shorts that 'had it right' expecting a move to the Weekly 200 Moving Average, we just missed that.
I believe we are going to do a headfake 'breakout' to trap retail longs and reject off of the 250 Band (Daily).
Short -- 3734 - 3841
Take Profit -- 3101
Stop Loss -- 3955
The latest move imo was to clear the shorts that 'had it right' expecting a move to the Weekly 200 Moving Average, we just missed that.
I believe we are going to do a headfake 'breakout' to trap retail longs and reject off of the 250 Band (Daily).
Short -- 3734 - 3841
Take Profit -- 3101
Stop Loss -- 3955
Trade closed: stop reached
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