Bitcoin - sell on 4H - TP at 47K

Dear traders and followers,

welcome to the latest Bitcoin trading idea.

Bitcoin price reached almost 60K resistance area which is the last resistance before a new all time high price.
Relative strength index indicates an incoming correction with a bearish divergence on higher time frame (4H - 1D).

The latest movement was a perfect 1-2-3-4-5 Elliot wave which is usually followed by an A-B-C correction movement as drawn in the chart.

Current market gives us a nice risk/reward ratio for a short position with stop loss at 60.420$ and take profit between 47.000$ - 48.000$

This setup is invalid as soon the market closed on daily chart above 60400$

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交易進行

opened first short position at 59500
will add another at in case of 60.000 retest

交易結束：達到停損點

DK_Investment

The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.