BTC update to: BTC 9:00 UTC-4 18/6/2024 Short Trade
Hello everyone,
Looks like our trade was delivered even though it took longer than was expected.
So everyone who took the same trade, congrats on your profits!
Aswell, I would point out How after I called for a lower price we went lower by around 1.85%, and How after that we visited the price I expected that is possible to reach for a great Short entry around 66.478$ (not so far from 66.500$) before our move unwind.
With that said, I hope everyone who took the same trade already took some profits off to pay the trader.
Now, to the harder part. And that's How to manage correctly trade if you still left some portion of your Short entry open.
In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$.
On the other hand, if in the upcoming hours price struggles to go lower than 61.3-61.5k$, I would expect it to bounce back a few % and that would be an opportunity to Open New Short trade. -> (around 63.500$ to 64.200$)
I will update further once I get more confirmation about What is more probable to happen next.
Joe
Looks like our trade was delivered even though it took longer than was expected.
So everyone who took the same trade, congrats on your profits!
Aswell, I would point out How after I called for a lower price we went lower by around 1.85%, and How after that we visited the price I expected that is possible to reach for a great Short entry around 66.478$ (not so far from 66.500$) before our move unwind.
With that said, I hope everyone who took the same trade already took some profits off to pay the trader.
Now, to the harder part. And that's How to manage correctly trade if you still left some portion of your Short entry open.
In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$.
On the other hand, if in the upcoming hours price struggles to go lower than 61.3-61.5k$, I would expect it to bounce back a few % and that would be an opportunity to Open New Short trade. -> (around 63.500$ to 64.200$)
I will update further once I get more confirmation about What is more probable to happen next.
Joe
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