Hello Traders!
Let me quickly explain my game plan for this potential Bitcoin Short scenario. I covered the idea already on my yesterday's stream, so if you want to get the most of this game plan, make sure you check out my stream.
Here is my game plan:
- Slow price breakdown to 28500 area
- Consolidation just above area, not much price movement to the upside
- Price needs to move out of the box
- Entry upon break of 28500
My target is: 26000
Stop loss: 29000
Depending on Bitcoins price movement I might extend my short term target to 25000. We are sitting in a swing position area (box), so finding a good position here could be very lucartive.
Please make sure to follow me for more trade ideas like this one!
Have a good one.
Let me quickly explain my game plan for this potential Bitcoin Short scenario. I covered the idea already on my yesterday's stream, so if you want to get the most of this game plan, make sure you check out my stream.
Here is my game plan:
- Slow price breakdown to 28500 area
- Consolidation just above area, not much price movement to the upside
- Price needs to move out of the box
- Entry upon break of 28500
My target is: 26000
Stop loss: 29000
Depending on Bitcoins price movement I might extend my short term target to 25000. We are sitting in a swing position area (box), so finding a good position here could be very lucartive.
Please make sure to follow me for more trade ideas like this one!
Have a good one.