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CollegeofPips
Nov 30, 2020 9:04 AM

BTC/USD Potential Downward Movement Long

Bitcoin / TetherUSBinance

Description

:bulb: Trade Idea

📈 Sell Limit BTC/USD @ 18673

:dart: Target Profit 17402

:octagonal_sign: Stop Loss 19303

:x: Do not risk more than 1% of your account on each trade

:slight_smile: Good Luck!

BTC is trading withing a bearish ascending wedge. This type of wedge indicates usually a potential reversal. The price reached a strong resistance (18681). A higher correction is expected and then a move downward towards the 17402 level.
Comments
LikedOne
Looks like someone's stop loss worked out, great analysis
CollegeofPips
@LikedOne, Unfortunately yes. thanks for the feedback.
InkyGrip
Thank you! 🦐
CollegeofPips
@plancton0618, most welcome.
fktika69
Nice work!
CollegeofPips
@fktika69, Thank you much appreciated
DC92T
Don't risk more than 1% on a trade!!?? Unless I had 100K to trade, how long would it take to make money off of 1K or 1%??
CollegeofPips
@DC92T, Not precisely you can trade 5 k and still trade using 1 % as risk. anyway thanks for your comment if you need more info you can send me message on private.
ParisRs
Trade Closed?
CollegeofPips
@ParisRs, yeah stop loss triggered unfortunately. thanks for your contribution.
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