Bitcoin
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Bitcoin - sell on 4H - TP at 47K

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Dear traders and followers,

welcome to the latest Bitcoin trading idea.

Bitcoin price reached almost 60K resistance area which is the last resistance before a new all time high price.
Relative strength index indicates an incoming correction with a bearish divergence on higher time frame (4H - 1D).

The latest movement was a perfect 1-2-3-4-5 Elliot wave which is usually followed by an A-B-C correction movement as drawn in the chart.

Current market gives us a nice risk/reward ratio for a short position with stop loss at 60.420$ and take profit between 47.000$ - 48.000$

This setup is invalid as soon the market closed on daily chart above 60400$


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Operación activa
opened first short position at 59500
will add another at in case of 60.000 retest
Operación cerrada: precio stop alcanzado

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