Bitcoin / TetherUS

Short

Updated

[BTC] 4H Down Trend

Start scale in short position, since 4H 12/26EMA tells me BTC is on a down trend.

Idea entry: 7300 (1D 26EMA)
Stop loss: 7450
Target: 7090, then retest upper 6K.

Note

Moving down stop loss from 7450 to 7300.

Note

Took profit, prepare to reload short position when bounce back to moving averages.

Trade closed: target reached

4H 12EMA turned up, close this trade.

Note

Review: again, glade I took profit around 6950, by using RSI and long term trend line.

Also on:

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Also on:

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.