BTC/USD – Weekly Market Update, 4/25/22
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
BTC remains bearish as indicated by the trade setup on the chart. Price action had secured a 1%+ shorting confirmation several weeks back. It’s hasn’t been a smooth sell off since then, but the overall temperament of the asset seems to remain short. I indicated the confirmed short entry, stop and target. Unfortunately, more risk was required than reward was offered in the setup. But for you more aggressive or shorter-term traders, perhaps the information of the chart could be helpful to you!
