kjrthi

BTCUSDT Short signal with involved risk!

Singkat
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC is trying to outplay the dollar index which was a great sign to the crypto world.
We saw that with an incredible bull run in most of the Altcoins!
Now BTC is forming a Head and Shoulder pattern which is bearish, BTC stays above the EMA10 which is bullish.
MACD cross over above predicts an uptrend but forming a bearish divergence BTC may go to retest 60K but seems like the resistance is too hard.
Especially when the DXY is in a bullish reversal BTC has to calm down and go for a correction.
So I stay with this Bearish scenario with the stop loss of the Right shoulder high (59800).
My take profit - 55000

Happy trading!

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.