Hello everyone this is my idea for Bitcoin on 1 hour time frame …
I am only looking for short opportunity Since price is overbought on monthly and weekly time frame .. It doesn't mean anything price can still go up but i am a careful person so i leak toward bearish side until we get a nice correction
I am looking to short from red line to target green line my stop loss is 1 hour candle close above red line ..
I am looking to short if price close below green line to target orange line my stop loss is previous high after price close below green line
I am looking to short if price close below orange line to target zone below my stop loss is 1 hour candle close above orange line ..
Orange line might also provide nice long from there
RSI Indicator might give us a hint where price might go ..
Price is stuck inside this narrow range ( green and red line ) breakout can happen ..
for any question feel free to ask :) and good luck
I am only looking for short opportunity Since price is overbought on monthly and weekly time frame .. It doesn't mean anything price can still go up but i am a careful person so i leak toward bearish side until we get a nice correction
I am looking to short from red line to target green line my stop loss is 1 hour candle close above red line ..
I am looking to short if price close below green line to target orange line my stop loss is previous high after price close below green line
I am looking to short if price close below orange line to target zone below my stop loss is 1 hour candle close above orange line ..
Orange line might also provide nice long from there
RSI Indicator might give us a hint where price might go ..
Price is stuck inside this narrow range ( green and red line ) breakout can happen ..
for any question feel free to ask :) and good luck