BITCOIN - Target reached! 58% Profit - What's next? (SHORT TERM)
The ascending triangle played out as expected - another sharp drop to 7800.00 happened.
We took full advantage all the way down from 8400.00 with a leverage of 7x.
58% profit - Great trade!
Now it's time to see if our major support zone (located between 7800.00 - 7900.00) is strong enough.
I'm expecting the price to bounce from here to 8400.00. The downwards movement will continue from there.
A long position would be too risky. Let's see what's next.
leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
We took full advantage all the way down from 8400.00 with a leverage of 7x.
58% profit - Great trade!
Now it's time to see if our major support zone (located between 7800.00 - 7900.00) is strong enough.
I'm expecting the price to bounce from here to 8400.00. The downwards movement will continue from there.
A long position would be too risky. Let's see what's next.
leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Comment:
The bulls are very weak. I don't see a retest of 8400.00 anytime soon.
