BTC Short Incoming

17 lug 2020

BTCUSDT has been in a tightening range for too long!

As we have seen in the past, the longer BTCUSDT stays in a tight range, the more explosive the move. Our indicator printed a short, and has us in a comfortable position with a nice R:R.

My gut tells me that the break will happen real soon and when it does, prepare for a $1000+ candle.

Position:

Short - $9,319.72
Stop - $9,580

1st Target - $8,590 (Taking half off and letting the rest ride)


Let's see how this plays out!

Happy trading and stay protective.

Lucron