Short term Bitcoin trade on 2H timeframe! Big decent bear flag.
Updated
Would probably short hopefully as close as possible to $7,400 or wait until confirmation of breakout of the bear flag. With a stop loss above $7,450. Profit target would possibly be around $7,050-7,100. Edit: There is a bearish divergence with the money flow index further aiding the case of the bear flag succeeding and hitting the target. Thanks for reading my first idea! I hope it works out and you guys can probably make some money with a short.
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Wow impressive! Looks like my idea isNote
Coming to fruition lol.. anyways the update is to trail your stop loss to $7,380 reducing risk since the bear flag is now confirmed.Note
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Almost close to the target region.Note
Hey everybody I’m back with an update and we’re pretty much headed to profit target now. What I would advice to do in these last few hours of the trade is to trail the stop loss once again to $7,320 to further reduce risk and capture some of the profits already made. Anyways thanks for reading my idea once again and enjoy!
Trade closed: target reached
Target reached! Closed my short at $7,080. Thanks for trading :)
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