chartreader_pro

BTCUSD Bearish Shark and Short Opportunity

Short
BITFINEX:BTCUSD   Bitcoin
Shark completed at D. Targets as described on the chart.
Comment:
TP 1 REACHED
Comment:
On the smaller charts, bullish 5.0 pattern for a minor retracement. Take profit at 3.900 and move SL to entry.
Comment:
Looking at the matter technically, the bearish move has just started.
1. RSI has rooms downside.
2. Price moved below EMA
3. AO indicator gives sell
4. Alligator confirms short

Harmonic View :
A possible breakout of 61.8 % Fib, would carry the price 88.6% Fib 3.380 - Potential Bullish Shark -

Comment:
TP 2 Reached. Let us wait for the potential breakout of Fib 61.8.

For alerts,charts,special reports,news and singals over 15.000 + instruments contact us via pm or our free Discord: discord.gg/Ku9kzfq

Link to services and products: linktr.ee/chartreaderpro
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.