BTCUSD Bearish Nen Star and Short Opportunity
Description: Bitcoin/USD is testing the 4000 resistance. A bearish Nen Star pattern is completed at 3940. Potential bearish reversal is predicted.
Time Frame: H4
Trade Period: Intraday / Midterm
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Bearish
Trade Based On Bearish Nen Star Pattern
Recommended Lot Size: 0.05 at 10K
The Area Of The Entry: 3980 – 4020
Stop Loss: 4.200
Target 1: 3760 / TP1 Reached
Target 2: 3500
Target 3: 2900
You can view the setup: BTCUSD Bearish Nen Star
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
BTCUSD Bearish Nen Star: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.