āļāļīāļāļāļāļĒāļāđāļĨāļāļĨāļ
ðĨ Perfect Bitcoin Short Initiated: Bearish Triangle!
āļāļĩāđāļāļąāļāđāļāļ:
Recently I made an analysis on BTC's bearish triangle and the short-entry I was hoping for. The original resistance that I drew (yellow) has not been hit yet, but instead the purple line has proven to be a strong resistance. Support/resistance lines, especially diagonal ones, can be fluid, so I drew the triangle again.
I'm waiting for the price to reach below 26k to make a short entry, target at 20k. This gives us a very decent short-term entry with a huge R/R of 11.5. A more risk averse trader might want to wait for the definitive bearish break out and enter below 24.9k
I'm waiting for the price to reach below 26k to make a short entry, target at 20k. This gives us a very decent short-term entry with a huge R/R of 11.5. A more risk averse trader might want to wait for the definitive bearish break out and enter below 24.9k
āļāļąāļāļāļķāļ
Top line hit, no entry has been made yet.āļāļąāļāļāļķāļ
Daily close above the yellow line will invalidate this trade. No entry has been made yet.
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â Monster Signals: t.me/monster_cryptosignals
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ðTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
â Monster Signals: t.me/monster_cryptosignals
ðĨPremium Signals: fierytrading.com
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