Time to short BTC
As I mentioned in one of my earlier threads, I think we’ve got the confirmation to open up a short position on BTC/USDT. This is because we broke out of the rising wedge (the white line). Besides this, we’ve got 3 consecutive red candles on the 4h which makes it a good short opportunity. My take profit is around the 45K level (the green line). But since we’re in a bigger general uptrend one should be careful and place a s/l.
Maybe it will find a short term support around the 47K level because of the upperline of the falling wedge (the upper yellow line) and bounce.
This is my publication #12. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
Maybe it will find a short term support around the 47K level because of the upperline of the falling wedge (the upper yellow line) and bounce.
This is my publication #12. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
Related publications
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.