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BTC/USD
BTC/USD
Short term analysis on the 4hr.
The red ranges are where I had my shorts positioned, and the green areas are where I will take profits and hedge into some potential longs.
If the first range of low 7000's doesn't hold, we can see BTC test the 6700-6500 range. I expect some big wicks when hitting these lows so keep your stops tight. Remember, you should not lose more than 1-2% of you capital when stopped out on a trade. Once your position is in profit, move your stop loss to entry level.
Short term analysis on the 4hr.
The red ranges are where I had my shorts positioned, and the green areas are where I will take profits and hedge into some potential longs.
If the first range of low 7000's doesn't hold, we can see BTC test the 6700-6500 range. I expect some big wicks when hitting these lows so keep your stops tight. Remember, you should not lose more than 1-2% of you capital when stopped out on a trade. Once your position is in profit, move your stop loss to entry level.
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