2018-6-7 BTC SHORT (short term)
Just opened a short position in BTC, let's go to the facts:
Being that said, this is a risky positioning. Money management is a must have.
Money management
This is not a good R:R trade, if you managed to enter a little closer to the resistance, you will get a better chance. I entered
at the price I mentioned. Do your own analysis!
- We have a big resistance at ~7770 that we just failed breaking up
- RSI is a little bearish
- MACD is bearish
- No significant chart pattern can be found right now
- Market is looking too much manipulated this week
Being that said, this is a risky positioning. Money management is a must have.
- Stop-loss: $ 7781
- Entry: $ 7701
- Profit: $ 7605
Money management
- Volume: 5% of main capital
- Risk: 1%
- Reward: 1.25%
This is not a good R:R trade, if you managed to enter a little closer to the resistance, you will get a better chance. I entered
at the price I mentioned. Do your own analysis!
Note
Current scenario of this position:SAR got bearish, RSI and MACD are still bearish too.
I've slided the stop-loss a little down ($7729).
Target still the same.
Note
Last hour candle closed in a candle pattern (doji) that shows indecison about price direction from now on.Trade closed manually
Even though price action was confirming my expectation, volume was too low, so I decided to close the position while there was profit to take yet. Position closed at $7660 with 0.5% profit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.