Prepare for 16K

2020년 11월 28일

Bitcoin has broken the daily MA20 and gave a red 3 according to Tom Demark count on the daily chart. I expect the pullback to continue to at least 16k. If 16K breaks it can retreat till fib 0.618 level at 14456.

Here is my trading idea:

Bitmex XBTUSD Short @ 17130-17000 TP1: 16850 TP2: 16500 TP3: 16300 TP4: 16100 TP5: 16010 SL: 17900