Bitcoin is bearish looking, good potential to Short now.
The outlook on
BTCUSD
is rather clear, after the Up Trend channel broke, it doesn't make a higher high. We saw a potential U-turn with the immediate profit taking at the RBS zone.
Here is my personal trade call:
Sell Limit at $11,648.50
Stop Loss at $11,922.50
Take Profit at $10.522.50
Risk Reward Ratio = 4.58R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
BTCUSD
is rather clear, after the Up Trend channel broke, it doesn't make a higher high. We saw a potential U-turn with the immediate profit taking at the RBS zone. Here is my personal trade call:
Sell Limit at $11,648.50
Stop Loss at $11,922.50
Take Profit at $10.522.50
Risk Reward Ratio = 4.58R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Trade active:
Move your SL below your Entry and ride the slope.