$BTC SHORT UPDATE!
After the pennant break down we saw a bounce up off support to give us a retest that confirmed the break down.
We have once again dropped down to support and now sitting at a critical level. With a strong 4 hourly candle close around support level this could tank the market if broken again.
Keeping a close eye on this over the next few hours to determine where this will go.
We are looking weak and could see a continuation to the downside. If so, take profits gradually on the way down to $52k.
Updates to follow.
#BullorBear #bitcoinhalving #TradingStrategies💼💰 #ShortEntry
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Bearish
SHORT PROFITS!
As mentioned in the previous post, I was looking for a short trade upon break of the pennant.
BOOM!
$BTC smashed through with ease.
There is a slight bounce off the $61k support area. If we break that we could see a free fall to the next support at $52k. SL is in profit.
Gonna let this ride.
#TradingStrategies💼💰 #tradingprofit #ShortEntry #ProfitProtector #bitcoinhalving
As mentioned in the previous post, I was looking for a short trade upon break of the pennant.
BOOM!
$BTC smashed through with ease.
There is a slight bounce off the $61k support area. If we break that we could see a free fall to the next support at $52k. SL is in profit.
Gonna let this ride.
#TradingStrategies💼💰 #tradingprofit #ShortEntry #ProfitProtector #bitcoinhalving
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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