Trading Idea - #Bitcoin
General sentiment is right for Bitcoin!
BUT!
The price of Bitcoin is currently struggling at the upper edge of an ascending triangle formation. A clear breakout seems to have failed. The logical consequence for me would be a return to the inner of this triangle.
A beautiful course from a chart-technical perspective, would be a return to the upward support line of the triangle. From there it can go up again to attack the 50,000 USD level!
I entered at 46,300 on SHORT with a target at 41,200 USD. My stop is at 48,000 USD!
*not an investment recommendation
BUT!
The price of Bitcoin is currently struggling at the upper edge of an ascending triangle formation. A clear breakout seems to have failed. The logical consequence for me would be a return to the inner of this triangle.
A beautiful course from a chart-technical perspective, would be a return to the upward support line of the triangle. From there it can go up again to attack the 50,000 USD level!
I entered at 46,300 on SHORT with a target at 41,200 USD. My stop is at 48,000 USD!
*not an investment recommendation
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