Bitcoin / TetherUSShort
The last ''Dip'' for Bitcoin and Major Caps!
Btc/Usd
1d - Timeframe
Okay so i'm starting to make my mind on the next play in want to go for.
So like i previously said i'm for sure bullish on Bitcoin, but Major Caps are screaming a final retrace for double bottom..
And there is all this history with Usa and Iran people saying that Bitcoin should explode to the upside right now because of it..
Well not for now, it's coming that's for sure! But we still need a last wave down.
We got perfectly rejected in my area where we took tp around 7 580 - 7 620, from here i expect a last re-test on the bottom of my triangle around 7 120, afterwards we should see a break and 8.5k.
You can take a short if you want, i won't since i'm already short on Xrp and Eth at the current moment so i don't want to have my portfolio to expose!
Here's the 3 setups i have for Btc, Eth and Xrp:
Portfolio Risk 5%, Leverage: 10x - 25x
Btc short: 7 600
Sl: 7 650
Tp: 7 330
Target: 7 120
Eth short: 142.1
Sl: 143
Tp: 133
Target: 122
Xrp short: 0.22 - 0.225
Sl: 0.233
Tp: 0.198
Target: 0.179
So there we go that's my current stand of view, if you have another one i will be please if you explain why, and like i said if Btc breaks 7.6k and close the daily candle over it i'm closing everything right away.
This short is only a day-trade not a mid-term trade + if you look at the history of bitcoin there is always a drop over 10% in January (Since 2014) so let's see if we will get one this year too!
I will update on Bqx later today!
Cheers! :-)
P.s. If you want to discuss or do not want to miss a post feel free to click on the link below!
1d - Timeframe
Okay so i'm starting to make my mind on the next play in want to go for.
So like i previously said i'm for sure bullish on Bitcoin, but Major Caps are screaming a final retrace for double bottom..
And there is all this history with Usa and Iran people saying that Bitcoin should explode to the upside right now because of it..
Well not for now, it's coming that's for sure! But we still need a last wave down.
We got perfectly rejected in my area where we took tp around 7 580 - 7 620, from here i expect a last re-test on the bottom of my triangle around 7 120, afterwards we should see a break and 8.5k.
You can take a short if you want, i won't since i'm already short on Xrp and Eth at the current moment so i don't want to have my portfolio to expose!
Here's the 3 setups i have for Btc, Eth and Xrp:
Portfolio Risk 5%, Leverage: 10x - 25x
Btc short: 7 600
Sl: 7 650
Tp: 7 330
Target: 7 120
Eth short: 142.1
Sl: 143
Tp: 133
Target: 122
Xrp short: 0.22 - 0.225
Sl: 0.233
Tp: 0.198
Target: 0.179
So there we go that's my current stand of view, if you have another one i will be please if you explain why, and like i said if Btc breaks 7.6k and close the daily candle over it i'm closing everything right away.
This short is only a day-trade not a mid-term trade + if you look at the history of bitcoin there is always a drop over 10% in January (Since 2014) so let's see if we will get one this year too!
I will update on Bqx later today!
Cheers! :-)
P.s. If you want to discuss or do not want to miss a post feel free to click on the link below!
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