BTC Short idea,
Bitcoin is following Fibonacci analysis since december 2018 exactly as forecasted.
Every single support and resitance is supported by Fibonacci analysis. (see chart)
Since we reached our target on the expension fib analysis, we started to short BTC @ 23.750$ towards our primary target 50% retracements.
However; once the second top has been formed. We need to update this analysis since we can predict our target price more accuratly.
Our stops are around the 26.250$ however, once we retrace around 9 to 23.8% we try to set back the stop loss at entry to prevent losses on this trade.
Bitcoin is following Fibonacci analysis since december 2018 exactly as forecasted.
Every single support and resitance is supported by Fibonacci analysis. (see chart)
Since we reached our target on the expension fib analysis, we started to short BTC @ 23.750$ towards our primary target 50% retracements.
However; once the second top has been formed. We need to update this analysis since we can predict our target price more accuratly.
Our stops are around the 26.250$ however, once we retrace around 9 to 23.8% we try to set back the stop loss at entry to prevent losses on this trade.
Trade active:
BTC went overnight slighly higher, but didnt reached new top. Now during morning hours we are finally set off to go lower. And we will find soon a new double top. From this double top we can measure our TP :)
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Please go to Clockstoken.io for more information regarding our crypto investment fund