Short Bitcoin at Price below $39500

מעודכן
Reasons of Short BTC:
1. Bitcoin is forming a possible shoulder-head –shoulder
2. Price cannot break Point of Control aka resistance area at 39501
3. Volume of Price at Resistance area is higher comparable to previous candles = signs of distribution

Set up:
Entry: Short at price below 39500
Stop loss: When Price moves higher than Point of Control line with large volume
Take Profit: 35000
הערה
Down Trend confirm
When looking at H1 time
Price just close below Point of Control with high volume
=
Sign of strength for price to go below further
הערה
Set up goes as plan
Take profit price still at: 35000
עסקה סגורה: היעד הושג
Technical IndicatorsTrend Analysis

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