Analyzing by Daily timeframe, we're in the good point and Bitcoin continue down. What we could to expect it's that Bitcoin continue down and then break-out this chartist pattern to the downtrend direction. I found out that measure the forecast we can to predict that the next goal it's to reach down to $14,600 USD next target to short. Also, I change my past analysis in Bitcoin in H4 timeframe that we're ok shorting from $24,030 USD. But we see in this point a huge opportunity to get benefit in this bear market.
If you want to follow this strategy and trade by swing trading, you can to entry now in the market price, because in 3 Daily timeframe, I see the confirmation very clearly that Bitcoin goes to another bearish movement soon.
You can to put your Stop Loss to around $26,060 USD. It's a risk of 14% in this trade, but you can to calculate your money management to know the risk and see the benefit. Now, if choose this target $14,600 USD, This could be a benefit of almost 35% shorting Bitcoin. But as I'm shorting from the $24,030 USD, I only extend my Stop Loss to $26,060 USD, And I change my mindset to now take the opportunity to short Bitcoin.
This it's the Daily chart and we see this bearish perspective in my plan to make swing trading. I would like to make day trading when we're in the Gold point to short, and when analyzing the macrotrend like Daily timeframe or more, to take best perspective to short and change my strategy to swing.
I hope that this strategy support you and take best decision to short in this bear market in crypto. I linked my related idea for more information of my past trade in Bitcoin that I explain that I was shorting from $24,030 USD and also my weekly analysis perspective.
If you want to follow this strategy and trade by swing trading, you can to entry now in the market price, because in 3 Daily timeframe, I see the confirmation very clearly that Bitcoin goes to another bearish movement soon.
You can to put your Stop Loss to around $26,060 USD. It's a risk of 14% in this trade, but you can to calculate your money management to know the risk and see the benefit. Now, if choose this target $14,600 USD, This could be a benefit of almost 35% shorting Bitcoin. But as I'm shorting from the $24,030 USD, I only extend my Stop Loss to $26,060 USD, And I change my mindset to now take the opportunity to short Bitcoin.
This it's the Daily chart and we see this bearish perspective in my plan to make swing trading. I would like to make day trading when we're in the Gold point to short, and when analyzing the macrotrend like Daily timeframe or more, to take best perspective to short and change my strategy to swing.
I hope that this strategy support you and take best decision to short in this bear market in crypto. I linked my related idea for more information of my past trade in Bitcoin that I explain that I was shorting from $24,030 USD and also my weekly analysis perspective.
