Skyrex

Bitcoin - why I opened short?

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello, everyone!

Let's take a look at the chart. On 1h time frame we have this big dump from 31K to $27k. There were no any corrections and Awesome oscillator tells us that it was the wave 3. During this weekend we have the bounce which looks like the wave 4. Anyway BTC price has formed even 2 bearish reversal bars above the Alligator with the nice angulation. I used the second one to enter my short trade. The idea here is to catch the wave 5. here we have the nice risk to reward because target area for wave 5 is inside the green box.

Best regards, Ivan
______________________________________
Subscribe now and never miss an update 👍

Skyrex.io is an AI-powered platform designed to make professional-level cryptocurrency trading effortless and accessible for everyone

Access free SmartTrade terminal and automated AI bot at app.skyrex.io
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.