Bitcoin has closed below the rising trend line, saw a retest of 0.382 fib level and we have a bearish engulfing on the 0.382 fib level.
We have a decent sell opportunity here. You can see the entry price, SL and TP in the chart.
Main hurdle here would be sub 9200 level, and we might see a solid bounce back from there. Need a strong close below that level to continue further down towards 8700
This is only for educational purpose. Please use proper risk management and consult your financial adviser before taking a decision based on the above mentioned analysis.
Happy Trading! Stay healthy, Stay safe! :)
P.S. Always remember to use proper risk management
We have a decent sell opportunity here. You can see the entry price, SL and TP in the chart.
Main hurdle here would be sub 9200 level, and we might see a solid bounce back from there. Need a strong close below that level to continue further down towards 8700
This is only for educational purpose. Please use proper risk management and consult your financial adviser before taking a decision based on the above mentioned analysis.
Happy Trading! Stay healthy, Stay safe! :)
P.S. Always remember to use proper risk management
Trade closed manually:
Booked profit at 9000!