labiano50

BTC REVERSAL (UPDATE)

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi everyone, how was your weekend!?.
Since my last analysis, BTC has been trading between $47k to $48k.
Reversal was confirmed on October 2nd & I still stand by that decision to open a sell order bcos price isn't making new higher highs.
Next level price will be heading down to is @ $44,7k from our 1hr chart.
So we get to open a Limit sell order entry;
-----------------------------------------------------------
Limit : $47,4k
SL : $49,8k
TP : $44,7k
----------------------------------------------------------
Our main target is $42k but lets take our first profit at $44,7k and then analyze the chart again then.
Thanks
_Labiano50

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.