In this analysis I want to talk about Bitcoin's bearish triangle pattern that has been unfolding itself over the last few weeks.
I'm not sure whether BTC still has a bullish move in it, but when it does, we are ready. As always with trading, it's a matter of > . If Bitcoin decides to move up, we will enter a short from the top resistance which has historically been quite strong.
Stop above the resistance line, target at 23.500 for a nice R/R trade. A more bearish (but riskier) bet would be to place the target at 20k.
I'm not sure whether BTC still has a bullish move in it, but when it does, we are ready. As always with trading, it's a matter of > . If Bitcoin decides to move up, we will enter a short from the top resistance which has historically been quite strong.
Stop above the resistance line, target at 23.500 for a nice R/R trade. A more bearish (but riskier) bet would be to place the target at 20k.
評論:
No entry has been made, so no losses are had.
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