TradingView
vf_investment
Dec 14, 2022 2:43 PM

BTCUSD - Overbought - Short term oppurtunity Short

Bitcoin / U.S. dollarBitstamp

Description

On the BTC-USD chart (1h timeframe), the price is currently overbought.

In this analysis, all three indicators are suggesting an overbought condition. The indicators used are the Bollinger Bands, RSI and Stochastics. This could mean that the price will drop when there is a confirmation of the price going down. When this happens a short position can be taken and profits can be taken.

See all further details on the chart.

Goodluck!

Comment

Price pumped above suggested stop loss and came back down to raeach target 1. If you're still in your short, wait for a final target.
Comments
JamesLeblancTheRealist
Any update on BTC?
vf_investment
@JamesLeblancTheRealist, moving sideways. we will publish new analysis soon
solarholdings
Nice call
Solldy
Great analysis, thanks mate :)
AlanSantana
Nice call and we agree. We go upwards after...

🅱️ LONG bitcoin Feb. until 2023 - PART II | Strategy
SwallowPremium
Such an interesting trading setup. Keep posting!
GDLongVN
And I think
Tradersweekly
We are also bearish on this asset.
metza24
Spot on! Thanks
RLinda
Totally agree with you, highlighted the key aspects intelligently)
More