Bitcoin Short trade Idea
My basic premise is that Bitcoin is in the midst of relief rally/ short squeeze. If Bitcoin breaks above 28K and holds support, I will reconsider my opinion.
IMO, there is confluence for a short trade between 27K – 27.3K.
Possible Short triggers:
1. The 200D EMA, at 27K, may act as resistance.
2. The 50D EMA, at 27,076, may act as resistance.
3. Supply Zone (1H) between 27K 27.3K
4. Trendline resistance at 27K.
4. SL is at the 50% of the wick at 27.43K
Wait for a rejection. It is possible that this squeeze will run as high as 28K.
Trade Idea:
• Entry: 27, 050
• SL: 27,450
• TP1: 25,300
• Target: 23,500
• R:R: 1:3.89 to first TP.
NFA
What do you think? Please share in the comments
Best Wishes
IMO, there is confluence for a short trade between 27K – 27.3K.
Possible Short triggers:
1. The 200D EMA, at 27K, may act as resistance.
2. The 50D EMA, at 27,076, may act as resistance.
3. Supply Zone (1H) between 27K 27.3K
4. Trendline resistance at 27K.
4. SL is at the 50% of the wick at 27.43K
Wait for a rejection. It is possible that this squeeze will run as high as 28K.
Trade Idea:
• Entry: 27, 050
• SL: 27,450
• TP1: 25,300
• Target: 23,500
• R:R: 1:3.89 to first TP.
NFA
What do you think? Please share in the comments
Best Wishes
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.