UnknownUnicorn121770

$BTCUSD Elevator up

Short
BITFINEX:BTCUSD   Bitcoin
Elevator down. Support looks horizontal here, which has me thinking we'll be seeing a double top.
Comment:
Also 29th of Jan quite a big distribution day.
Comment:
How i would manage my risk: use this bracket and move SL to just above 36k once it has made a move below. This will protect you from a potential HL (higher low) and potential continuation.
Trade closed: stop reached:
Quick and painless
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.