Based on an analysis of the Phoenix Ascending indicator, Bad Ass Bollinger Bands, and Linear Regression channel (with custom inputs), I have identified a ceiling target ($37, 500) and 2 floor targets ($32,000 and $30,000). I will open a short position at the ceiling targets and close the short position at one of my floor targets.
Let’s keep our eyes on this and act accordingly. I will post updates as appropriate.
This is not financial advice. I am not your financial advisor. This is my opinion.
Let’s keep our eyes on this and act accordingly. I will post updates as appropriate.
This is not financial advice. I am not your financial advisor. This is my opinion.
Comment:
To be clear, the short position is to be opened on a falling red stochastic relative strength index (sRSI) not a rising red sRSI.
Trade closed manually:
Opened short position: $39,534
Closed short position: $37,648
Percent change: 4.77%
Closed short position: $37,648
Percent change: 4.77%
