BTC (Y20.P5.E18).How to play this range
Updated
Hi,
In the previous post, I stated to buy in at the bounce area, the price was then 17745 which i did for a good opportunity.
Now I have sold that lot and looking to short this to the lower price around 17200'ish.
The risk , we can potentially close above the previous high on the 4 hrly but the risk ration is with the gains of the short.
While I'm typing this, I can see price dropping so hopefully its not too late.
If we have the 4 hrly close above 18500 to 18600, then initiate your stop loss for the short as we are likely to hit 19200'ish and potentially that ascending triangle conslolidation.
I will using the 2 hrly to gage the candle sticks and stochastic indicator.
All the best,
S.SAri
For now, going with the trend with the 4 hrly.
In the previous post, I stated to buy in at the bounce area, the price was then 17745 which i did for a good opportunity.
Now I have sold that lot and looking to short this to the lower price around 17200'ish.
The risk , we can potentially close above the previous high on the 4 hrly but the risk ration is with the gains of the short.
While I'm typing this, I can see price dropping so hopefully its not too late.
If we have the 4 hrly close above 18500 to 18600, then initiate your stop loss for the short as we are likely to hit 19200'ish and potentially that ascending triangle conslolidation.
I will using the 2 hrly to gage the candle sticks and stochastic indicator.
All the best,
S.SAri
For now, going with the trend with the 4 hrly.
Note
RSI to watch..the clueNote
Note
b.chartNote
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.