BitcoinShort
Confluence of resistance on BTC approved by a bearish bat on
Updated
stochastic indicator
Hi pros!
confluence is a method used for having an edge on the market (advantage over others traders) based on high probability winning rate
in this case we used 2 types of resistance:
-multiple trendline
-structure resistance
that provide us the best point entry possible for a trend continuation setup
short from here enjoying the opportunity of that point entry being the optimal
aim for 5000 then 3400 then 2000 or less
Hi pros!
confluence is a method used for having an edge on the market (advantage over others traders) based on high probability winning rate
in this case we used 2 types of resistance:
-multiple trendline
-structure resistance
that provide us the best point entry possible for a trend continuation setup
short from here enjoying the opportunity of that point entry being the optimal
aim for 5000 then 3400 then 2000 or less
Note
wait for confirmation in smaller TF before enteringNote
that type of confirmationNote
this is one of the method I love the most(particularly when it's based on resistance) because I got awesome performance using it over GBPUSD. last time I used it was hereand look what happened next:
Note
IMMEDIATLYNote
Don't miss the short from here :)price is below both emas + I draw an horizontal line where there is a gap down acting as a resistance
with SL above emas, it's good
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