herac

Short Bitcoin this week till major supp at 6k

Short
herac Updated   
BITFINEX:BTCUSD   Bitcoin
Hello guys,

Short term traders, watch this, if a candle in elipse will close below that triangle line (up) you can short. It´s known as Iceberg Order (manipulation, traders who long it after pullback on triangle line and a bull candle got trapped, market will hit their stop losses soon, is in sight) nice Risk/Reward ratio.

Others watch this levels this week, I want to see bitcoin in pump zone. Then we can Long, it is really nice long term opportunity.

PS: If there will be panic, we can see bitcoin under 6k (5,5k max) then massive pump and bulls taking control over this market.

Herac
-give me your feedback guys, thanks
-what do you thing about BTC nowdays?
Comment:
Engulfing candle created, I think it is clear, where price heads now.

If you want to know more about my analysis, feel free to ask.
Trade closed: stop reached:
SL reached...

That´s why I dont like short-term trading on cryptos.

Have a nice day
Trade active:
Wow, that downtrend line hold it really nice. We could expect this major drop, it´s called, manipulation. Guess who got trapped. Yeah retracement traders who long after breaking that triangle line. After that, BTC hit their SL and major drop appeared.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.