BTCUSD - 30% Cyclical Short Trade? Be Conservative Down Here
Güncellendi
Hey guys,
Hope everyone are well.
We are looking at a falling wedge pattern on the 4HR and trading below the EMA50. Crypto is in full blown panic selling mode and this offers a VERY SHORT opportunity to short trade with the trend.
Confirmation of trend continuation is below $3213, with targets at $2615, and $2099 on Bitstamp. Above $3581 this idea becomes invalidated and we'll need to wait for consolidation to identify a new pattern with exit/entry level.
ATTENTION: Shorting down here comes with additional margin cost and liquidity concerns.
Last week we were looking to catch a countercyclical swing trade to the upside, but that didn't play out. The idea below was invalidated and no trade should have taken place:
![BTCUSD [REVISED] - 30% Countercyclical Long Trade?](https://s3.tradingview.com/r/R5gWkiHx_mid.png)
Keep in mind the longer term picture. The price levels we will trade at in the coming weeks will offer very good longer-term long trade prices:
Hope everyone are well.
We are looking at a falling wedge pattern on the 4HR and trading below the EMA50. Crypto is in full blown panic selling mode and this offers a VERY SHORT opportunity to short trade with the trend.
Confirmation of trend continuation is below $3213, with targets at $2615, and $2099 on Bitstamp. Above $3581 this idea becomes invalidated and we'll need to wait for consolidation to identify a new pattern with exit/entry level.
ATTENTION: Shorting down here comes with additional margin cost and liquidity concerns.
Last week we were looking to catch a countercyclical swing trade to the upside, but that didn't play out. The idea below was invalidated and no trade should have taken place:
Keep in mind the longer term picture. The price levels we will trade at in the coming weeks will offer very good longer-term long trade prices:
Not
Next two days should be interesting:MCAP
BTCUSD
Not
Still bearishNot
Watch for breakout!Not
Its happening:Don't forget big picture:
Not
False breakout! The daily candle refused to close, so we are back to consolidation...Mcap:
Not
We are about to kiss the .382... this is a make it or break it moment!Emir iptal
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.