Finally seems that BTC will likely move downwards. Forming an HS's in the daily timeframe. I'm not usually trading this short timeframes as they give conflict signals, but this time, with all the recession, qe, unemployement, Covid19 etc. I find it a good opportunity to do it + weak volume.
Strategy:
Open short Stop loss @ 6800 USD 1st Target @ 5000 USD 2nd Target @ 3700 USD Positioning 5%
Have fun gambling, if things get worse in US, i expect 2nd target could be met, but personally i would focus on 1st Target as price afterwards could bounce back.
Good luck, Kind regards,
BeniGo.
***I am not your financial advisor neither I intend to be, do your own research before risking your money***
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Stop reached. Loss 6% (Calculated as my long position @ 6400USD).
Personally i left the trade open and repositioned stop at around 7400. But this idea is no longer valid.