TradingView
the6ylal
Dec 15, 2023 11:41 AM

BTC in BAD Situation Short

Bitcoin / TetherUSBinance

Description

Considering the current channel we are in for Bitcoin, we have received a rejection from the upper band.

With the awareness that we are already on a trend, a resistance coming from the upper band of the current channel is squeezing us.

Considering the trend-based Fib levels, it seems inevitable that we will visit the $41,500 region.

It supports this situation at 200ma/4H.

Close to fuck, stay in love.

Trade closed: target reached

Nice profit.
Comments
MyCryptoParadise_Simon
Staying alert and adaptable in these market conditions is crucial. Always interesting to observe how these scenarios unfold
More