Bitcoin Sell Brewing! 8500 to 7300 on cards below 11,200!!!!
Bitcoin Sell Brewing! 8500 to 7300 on cards below 11,200!!!!
Btc unable unable to clear 11,200 resistance and trading below middle Bollinger Band!
Yesterday it closed daily above 20 Ema on Daily Time Frame but unable to hold it.. and returned back..
On 4hr it is in process of making Inverted Head and shoulders pattern and if it is really making.. Then low of shoulder would be around 10,000 or 9800 like the left shoulder..
So idea is to short/sell Btc at market price 10,600 with stop right at today's high around 11,080 or at 11,200 and take profits towards 8500 and 7300.
Its a low risk setup with huge gains..!!!!
I opened short!
Btc unable unable to clear 11,200 resistance and trading below middle Bollinger Band!
Yesterday it closed daily above 20 Ema on Daily Time Frame but unable to hold it.. and returned back..
On 4hr it is in process of making Inverted Head and shoulders pattern and if it is really making.. Then low of shoulder would be around 10,000 or 9800 like the left shoulder..
So idea is to short/sell Btc at market price 10,600 with stop right at today's high around 11,080 or at 11,200 and take profits towards 8500 and 7300.
Its a low risk setup with huge gains..!!!!
I opened short!
Comment:
Bitcoin so far towards targets.... Big big Buy on way from 8400.... I will share chart later...
