Bitcoin's Next Move Short-Term ($7,700 or $9,200?)
Diupdate
Bitcoin (BTCUSD) has been moving lower short-term. The chart above is showing multiple bearish signals as follow:
For this reason, we are short short-term.
The blue dashed lines are the targets for this drop.
The red dashed line is our stop-loss, remember that charts are always changing and direction can change easily, so we prepare for all scenarios.
This is not financial advice.
Hit LIKE for more.
Make sure to share your thoughts and charts in the comments section below.
Namaste.
- Trading below resistance in the form of EMAs (EMA10, 50 and EMA100).
- Bearish MACD and RSI.
- Increasing bear volume.
For this reason, we are short short-term.
The blue dashed lines are the targets for this drop.
The red dashed line is our stop-loss, remember that charts are always changing and direction can change easily, so we prepare for all scenarios.
This is not financial advice.
Hit LIKE for more.
Make sure to share your thoughts and charts in the comments section below.
Namaste.
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Trade: SHORT XBTUSD [BitcoinLeverage: 6X
Buy-in: $8,050 - $8,150
Targets:
(1) $7,900 |Hit (+14.58%)
(2) $7,800 |Next target
(3) $7,700
Stop-loss: Close 4h candle above $8,195.
Liq. price: $9,652
(Buy-in calculated at $8,092)
Potential profits: 30.5%
Capital allocation: 6%.
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