Bitcoin / Tetherשורט
BTCUSDT Update: Dip Zone 2023/07/11
In my previous post, shown in blue lines, the price dipped to level 1 and 2. And then, I made a sell order by targeting the midpoint (50% line) and profitted 2 to 3 percent.
As an update (see colored maroon lines with corresponding dip zone values), the dip level 1 is now lower than the previous dip of the same level, and the midline is now aligned with the previous dip level 1. This may indicate a sign of weakness and price may re-trace back to the support zone to gather more momentum. Previous support zone is likely to be at the range between the 50% line (orange) and the dip level 2 line (blue). Noticed that both lines formed a confluence. If this is the case, I will expect the price to reach the current dip level 1 (maroon line).
Trade set-up: I will be placing buy orders for each dip level and sell when it reached 0.5 to 1 percent target profit.
/please DYOR/trade at your own risk
As an update (see colored maroon lines with corresponding dip zone values), the dip level 1 is now lower than the previous dip of the same level, and the midline is now aligned with the previous dip level 1. This may indicate a sign of weakness and price may re-trace back to the support zone to gather more momentum. Previous support zone is likely to be at the range between the 50% line (orange) and the dip level 2 line (blue). Noticed that both lines formed a confluence. If this is the case, I will expect the price to reach the current dip level 1 (maroon line).
Trade set-up: I will be placing buy orders for each dip level and sell when it reached 0.5 to 1 percent target profit.
/please DYOR/trade at your own risk
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.