BITCOIN SHORT POSITION SET UP (9 WINNING SWING TRADES)
Updated
I rarely do any prediction here due to time constraint. Last long position has profited with 50% (x10 Leverage) and it was 9th winning swing trade. This should be another easy swing trade here.
SHORT POSITION (BITCOIN)
Set Up *1
Entry Prices: $9150-$9400
Take Profit: $8900-$8350
Stop Loss: $9700
Risk:Reward= 1:2-1:5
Set Up *2
Entry Prices: $9193-$9350
Take Profit: $8900
Stop Loss: $9500
Risk:Reward= 1:1-1:3
High hidden sell momentum, low buy momentum with previous higher high at $9800. Both support and resistance have been retested twice. However with the bearish signs with low buy momentum, low volume, close to triangle's breakouts, I will prefer to short here. You can also open only if it tested 9100 once again to weaken the support.
SHORT POSITION (BITCOIN)
Set Up *1
Entry Prices: $9150-$9400
Take Profit: $8900-$8350
Stop Loss: $9700
Risk:Reward= 1:2-1:5
Set Up *2
Entry Prices: $9193-$9350
Take Profit: $8900
Stop Loss: $9500
Risk:Reward= 1:1-1:3
High hidden sell momentum, low buy momentum with previous higher high at $9800. Both support and resistance have been retested twice. However with the bearish signs with low buy momentum, low volume, close to triangle's breakouts, I will prefer to short here. You can also open only if it tested 9100 once again to weaken the support.
Trade closed: target reached
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