BTC/USD: bearish engulfing pattern Short

Bitcoin / United States DollarCoinbase

Description

⋅ Jul 31, 2022 12:49 AM

Bitcoin forming a bearish engulfing pattern in H4 timeframe in the good zone to short into this chartist pattern (bearish channel perspective)

Trade Info:

1) Entry: $24,050 USD (sell order limit)
2) Stop Loss: $25, 230 USD
3) Take Profit: $21,000 USD
4) Risk/Benefit: 1:2

I hope that this analysis support you to short Bitcoin

Comment

⋅ Jul 31, 2022 1:07 AM

In case that this price drop, I can to pass this analsyis to Daily analysis and update my major target to get a smart point to take profit in the smart point.

Comments