Bitcoin gave a huge rise to 5000 and stopped just at Tenkan Sen Ichimoku Resistance, which gives us the opportunity to take advantage of it and get into a short position.
The weekly candle of the Bitcoin (not yet finished this week so this can change) in the form of Doji that it can be an indication of a change in trend
The general trend in the weekly and monthly charts is still in a downward trend despite all the recent increases
The stochastic indicator in the daily graph and in the weekly graph is in the highest maximum area of the range and the reason is that we have here Overbought!
Based on all of the points I wrote above I suggest opening a short position with an initial target of 4900 and a secondary target of 4500
Sell Bitcoin:
Entry Price: 5183
Take Profit:4900
Take profit 2: 4500
Stop Loss: 5300
The weekly candle of the Bitcoin (not yet finished this week so this can change) in the form of Doji that it can be an indication of a change in trend
The general trend in the weekly and monthly charts is still in a downward trend despite all the recent increases
The stochastic indicator in the daily graph and in the weekly graph is in the highest maximum area of the range and the reason is that we have here Overbought!
Based on all of the points I wrote above I suggest opening a short position with an initial target of 4900 and a secondary target of 4500
Sell Bitcoin:
Entry Price: 5183
Take Profit:4900
Take profit 2: 4500
Stop Loss: 5300