BTC 2% Downside Idea

BTCUSD Perpetual Contract BYBIT:BTCUSD

ForumGhost

Looking at a triangle on the 30m and downward sloping resistance on the daily, idea for a 2% move to the downside breakout trade.

You can make your own ideas on entries and exits here but personally I’m short from resistance looking to capture around 70-80% of the move.

More conservatively you could enter on the break, or on a confirmation of a retest for the most conservative approach.

You might be interested in …

Trading View April 10, 2022

ABC on point!

ABC on point! Terra Perpetual Futures FTX:LUNAPERP Mr-R-Sole Following on from my previous post regarding LUNA. We can clearly see this is now in an ABC correction after having completed wave 5 to $118. LUNA […]

Trading View June 5, 2022

BTC ready for 70K, then 100K

BTC ready for 70K, then 100K Bitcoin / TetherUS BINANCE:BTCUSDT Hosseinm725 When in doubt, zoom out! The Weekly chart seems rather plain and simple. NOT FINANCIAL ADVICE — DYOR

Trading View April 29, 2022

BTC- SYMETRICAL TRIANGLE IN PROGRESS !

BTC- SYMETRICAL TRIANGLE IN PROGRESS ! Bitcoin / U.S. dollar BITSTAMP:BTCUSD Ironman8848 Once again, the magical Fibonacci retracement occured… Indeed, yesterday, the BTC filled its 50% Fibonacci retracement @ 40’340 (which is also by the […]