BTCUSD - great short opp if we break this channel down
BTC is forming a bearflag for one more leg down. Great entry under this channel with great RR. Could dip into the monday. This dips from now on are for buying, shorts are for hedging. Indicator is yellow which means reversal but it also means be carefull or reload. I am leaning bearish.
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This is a bit more proper viewCatatan
So the plan is, short if we break the channel down. Prior to that we can push to 9450 9500 (top of the channel) in case we do that I will short there with a very tight stop and the add on confirmation of breakdown and potential retest of that break.Catatan
Stop set goCatatan
Perspective that down is waaaay down... carefulCatatan
Breakdown retest?Catatan
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TP1 hitCatatan
Separate high risk new entryCatatan
PerfectCatatan
Stop at break even, because it smells like a bear trap. Next 2 hours are crucial IMO for either direction. Break 8800 and we go down, reverse swiftly above 9k and we go to at least 9200-9300Catatan
I exited last trade with ⅔ sold at 8766, rest at entry so win but not as much as I would like, smelled a bear trap and that is what happened. Taking another stab at original trade for another goCatatan
Keeping this in mindCatatan
If you see this as a flag, this is the tradeCatatan
This series was great while it lasted. Broke to the upside, I am still expecting a big drop. Closing this series
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.