Tong Ge’s September 1 BTC outlook
Enter a short near $BTC 785-790, stop-loss at 795, first target 770, second target 765.
Current price: 78261. Yesterday, Bitcoin’s publicly shared setup was to enter a short at 785-790. Those who followed the plan should now be sitting on unrealized profits. The market is still in the same range and has not broken out: 790 has failed to hold several times, while 770 is still providing support. Neither the bulls nor the bears have made a decisive move.
Today’s plan remains unchanged: continue shorting a rebound to 785-790; exit if 795 holds. The target is 770, and if it breaks, then look toward 765.
Before the range breaks, trade at the boundaries and stay on the sidelines in the middle. Those with unrealized profits should keep their hands off and let the bullets fly a little longer.
Enter a short near $BTC 785-790, stop-loss at 795, first target 770, second target 765.
Current price: 78261. Yesterday, Bitcoin’s publicly shared setup was to enter a short at 785-790. Those who followed the plan should now be sitting on unrealized profits. The market is still in the same range and has not broken out: 790 has failed to hold several times, while 770 is still providing support. Neither the bulls nor the bears have made a decisive move.
Today’s plan remains unchanged: continue shorting a rebound to 785-790; exit if 795 holds. The target is 770, and if it breaks, then look toward 765.
Before the range breaks, trade at the boundaries and stay on the sidelines in the middle. Those with unrealized profits should keep their hands off and let the bullets fly a little longer.
