The chart focuses on the 2H ATR trend line. Bitcoin was in a 2H uptrend. The trend weakened and corrected in a 2H pattern. Now it seems to be resuming.
The position is ripe for a short with a reasonable stop-loss, at your own risk. If you cannot take the loss, do not enter!
This is a true trend following setup. No targets are possible. Stops are somewhere above the ATR line.
Disclaimers: This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
The position is ripe for a short with a reasonable stop-loss, at your own risk. If you cannot take the loss, do not enter!
This is a true trend following setup. No targets are possible. Stops are somewhere above the ATR line.
Disclaimers: This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
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