BTCUSD
has recently broken down the downtrend channel (purple rectangle) with an interesting opportunity for a trade short.
In the chart with candles at 4h you can see a strong red volume candle that highlights a large amount of money coming out of the market .
So we approach the next level of support that we evaluate to be at 7200. After this could run again or go direct to the historical minimum at 6000$.
In the chart with candles at 4h you can see a strong red volume candle that highlights a large amount of money coming out of the market .
So we approach the next level of support that we evaluate to be at 7200. After this could run again or go direct to the historical minimum at 6000$.
Trade closed manually:
We close this trade with a small profit.
The situation is uncertain and we want to wait for a breakout (see the last idea published). Our mind anyway is bull and we just waiting for a confirmation! Have a good trading!
The situation is uncertain and we want to wait for a breakout (see the last idea published). Our mind anyway is bull and we just waiting for a confirmation! Have a good trading!