TheChallange

Short bitcoin till 8 or 9k range!

Short
TheChallange Updated   
BITMEX:XBTUSD.P   Bitcoin
A quick post, I will tell more details soon! Wanted to share the trade quick.
Comment:
Last few months we made an impulsive wave. A correction of 50% of the wave would be normal and healthy. Corrections are mostly done with an ABC corrective pattern.

Target of the short would be around the 8 till 9k USD range for a target we could also watch EMA 100 on the daily chart. You should set a stop-loss above 11.7k. Because it would invalidate the trade and in that case we're probably breaking out the to the top side.
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.