BTC Short and now what?
BTC after test de upper side of the big triagle, failt of breakout. Also a big bearish divergence was drawn in RSI. I opened a short position with target in the support line of the last up movement.
BTC bounced from that support line to the main uptrend line drawn from March.
Apologize because I was occupied thos morning and had not time to post it
The question now is, it Will still be support? In that case, open a short could be good but I need a 4h candle close above the line to open the position.
However if the line can not hold the Price, BTC could drop more to test the 9400 USD area.
Have a nice weekend.
BTC bounced from that support line to the main uptrend line drawn from March.
Apologize because I was occupied thos morning and had not time to post it
The question now is, it Will still be support? In that case, open a short could be good but I need a 4h candle close above the line to open the position.
However if the line can not hold the Price, BTC could drop more to test the 9400 USD area.
Have a nice weekend.
Note
If 4h candle close above 10400 USD, open a long position with same previous target at 10950 with stop losses at 10200 USD.If 4h candle close below 10400 USD, open a short position with same previous target at 9500 with stop losses at 10400 USD.
Lets see how it plays
Note
4h candle close in the line, no confirmation yet to open long or short position.I thing BTC Will go down, but I am not going to take position after daily close with confirmation.
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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.