UPDATE:
Here's a trade opportunity that is a piggy bag of my larger short...
BTC is in correction mode and has made almost a 100% retracement since the drop from $6000 while bouncing on the Fibs along the way. I already shorted @ $5911 but since there may be more downside remaining (if a trend reversal is confirmed) there may be more entry points (with tight SL) as we head lower. $5780 looks like a possible Entry as BTC is meeting resistance at $5800. This is an opportunity to short as it heads down to support/the next Fib level...
Trading Signal for BTC:
ENTRY: 5780 - 5775
TAKE PROFIT: tp1: 56200 tp2: 5550
STOP LOSS: 5850
LENGTH: 2 days +
Here's a trade opportunity that is a piggy bag of my larger short...
BTC is in correction mode and has made almost a 100% retracement since the drop from $6000 while bouncing on the Fibs along the way. I already shorted @ $5911 but since there may be more downside remaining (if a trend reversal is confirmed) there may be more entry points (with tight SL) as we head lower. $5780 looks like a possible Entry as BTC is meeting resistance at $5800. This is an opportunity to short as it heads down to support/the next Fib level...
Trading Signal for BTC:
ENTRY: 5780 - 5775
TAKE PROFIT: tp1: 56200 tp2: 5550
STOP LOSS: 5850
LENGTH: 2 days +