Hi Traders
Before continuing reading, please check out my first Bitcoin short idea. This scenario builds on that idea.
Bitcoin has been consolidating high for the past week, yet markets are filled with bearish news. After our first rejection of the 28500 resistance area, Bitcoin looks set to move lower. If you missed the entry on 28500, here is my game plan to find another possible entry somewhere around 28k.
Here is my Game Plan:
- Bitcoin needs to consolidate further
- Touch on the 28k area is needed for this setup to be activated
- Clear rejection of 28k, if we push above 28k we might be moving higher, so I will be looking for an entry in the 27.9k area
- Entry at a clear break of the trendline
- Price movement needs to be erratic to the downside
Please make sure to follow me on Tradingview for future setups.
Have a fantastic day legends.
Best
CH
Before continuing reading, please check out my first Bitcoin short idea. This scenario builds on that idea.
Bitcoin has been consolidating high for the past week, yet markets are filled with bearish news. After our first rejection of the 28500 resistance area, Bitcoin looks set to move lower. If you missed the entry on 28500, here is my game plan to find another possible entry somewhere around 28k.
Here is my Game Plan:
- Bitcoin needs to consolidate further
- Touch on the 28k area is needed for this setup to be activated
- Clear rejection of 28k, if we push above 28k we might be moving higher, so I will be looking for an entry in the 27.9k area
- Entry at a clear break of the trendline
- Price movement needs to be erratic to the downside
Please make sure to follow me on Tradingview for future setups.
Have a fantastic day legends.
Best
CH
Nota
Idea rejected, lets see if we remain in the box.
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.