Bitcoin forming a bearish channel that still in this downtrend and we're in the good point to short in Daily timeframe to short this bear market. Also I read that Elon Musk (CEO of Tesla) sold all his Bitcoin worth in over $770 million. Also for reference, I apply the fibonacci level and Bitcoin it's in the point of 0.382% to sell in this timeframe. We formed a bearish hammer indicating sell-off.
I will take a short position now and I put my sell order limit to $22,500 USD. Stop Loss to $25,650 USD and my target to $14,000 USD.
I see a bearish perspective in Daily and Bitcoin it's preparing to another crash incoming.
Good luck!!!
I will take a short position now and I put my sell order limit to $22,500 USD. Stop Loss to $25,650 USD and my target to $14,000 USD.
I see a bearish perspective in Daily and Bitcoin it's preparing to another crash incoming.
Good luck!!!
Trade closed manually:
Closed up manually, By bad news of USD in Forex market.