Bitcoin / TetherUS
Short

Bitcoin fall to $62000-NO SUPPORT!

106
Just entered bitcoin short.

IT looks very likely to fall to $62000 as it fails to hold the 63k level as support and struggled to break back above.

I think it might go lower that $62000 actually. Maybe $61800 but just to be conservative $62000 seems more probable.
Note
closed bitcoin trade and Cut loss. Waiting some more. I entered a bit early.
snapshot
Note
Re-entered bitcoin short. This thing looks like its gonna do a proper melting.

managed risk.

Updated targets on chart.

snapshot
Note
No rush to take partial at $62000. Just monitor incase of a reaction, main target is around $61700 but I'll full close at $61800

snapshot
Note
snapshot

Full closed #bitcoin short. Roughly 4.8 RR.

Also small promo for the first time. If you want a place to trade crypto low fees with personal capital scan QR code on chart. I trade on 3 different broker and Mexc fees are unmatched so far. I like to use Market orders to enter trades and sometimes exit, problem with market orders is that it attracts taker fee which let me tell you that sheet adds up fast and will eat into profitability so can't be in and out of trades often, mexc solves that. I am not in any affiliation with MExc other than I use their platform to trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.