Bitcoin - 1H bearish perspective $BTC BTCUSD
Updated
Discretionary short at a possible rejection of the Cloud/Kijun. I'll need ot see a clear rejection at those levels in order to enter the trade.
At that point all conditions of a short would be met:
- Price under cloud
- Chikou under price
- Tenkan under Kijun
- Future cloud bearish
The target coincides with an important S/R level. Also with the painting of a right shoulder for the inverse head and shoulders visionaries.
At that point all conditions of a short would be met:
- Price under cloud
- Chikou under price
- Tenkan under Kijun
- Future cloud bearish
The target coincides with an important S/R level. Also with the painting of a right shoulder for the inverse head and shoulders visionaries.
Order cancelled
Setup on pause since the Chikou is starting to interact with the price and there is a bullish TK cross. I'll re-evaluate after there's a clear bullish or bearish setup.
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