TradewithLu

#BTCUSD Medium Term Trade Opportunity (Sell)

Short
BITFINEX:BTCUSD   Bitcoin
Action: Buy at Market Price between $10968.2
Stop Loss: $11379.8
Take Profit: $9804.3
Order valid: 24 hour from publication

If price breaks down below $10968, then the most recent bullish move cannot be a 5 wave impulse move up, and the future price movement will most likely head to the recent lows below $9800.

I am prepared for both bullish and bearish scenarios, are you? (see my previous analysis for bullish trade opportunities)

Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is a recommendation being provided to buy, sell or purchase any good or product.



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.