Hi everyone,
back with quick BTC update , in my last predicton (pinned under) I was wrong about shorting. We managed to broke that resistance on 53k and went to the point where we are today. Thats exactly reason why we uses stop loss. It may be very unpleasant sit in open position for days. Ones who didnt and let their shorts open might get their rewards today.
So as we see on 6h time frame, we are on top of our downtred with engulfing candle and thats why we should open short. We may potentionally still come back top for test. If it happend it may be good time to open smart short. For now this should be clean short. I marked targets which we potentionally could reach . Then we see whats next. Situation might be different on each level, depends on how far we fall and thats why we should watch it closely. Might be very important for next move of BTC.
Those who like or agree with my analyse PLEASE click that like & follow button and dont be shy to leave comment with your opinion. Your positive feedback motivates me to providing more of my views. Wish everyone good luck in trading.
Best regards,
Joe.
DISCLAIMER: This is not financial advice. One should always do his own research before taking decision enter markets.
back with quick BTC update , in my last predicton (pinned under) I was wrong about shorting. We managed to broke that resistance on 53k and went to the point where we are today. Thats exactly reason why we uses stop loss. It may be very unpleasant sit in open position for days. Ones who didnt and let their shorts open might get their rewards today.
So as we see on 6h time frame, we are on top of our downtred with engulfing candle and thats why we should open short. We may potentionally still come back top for test. If it happend it may be good time to open smart short. For now this should be clean short. I marked targets which we potentionally could reach . Then we see whats next. Situation might be different on each level, depends on how far we fall and thats why we should watch it closely. Might be very important for next move of BTC.
Those who like or agree with my analyse PLEASE click that like & follow button and dont be shy to leave comment with your opinion. Your positive feedback motivates me to providing more of my views. Wish everyone good luck in trading.
Best regards,
Joe.
DISCLAIMER: This is not financial advice. One should always do his own research before taking decision enter markets.
