BTCUSD [REVISED] | 60% Daily Short Trade Setup

Confirmation: 5230.14 / 6744.91 (at wick resistance)
Invalidation: Local high
Type of Trade: Untested countercyclical (EMA50 fresh above EMA200, high risk of fake out)
Target: 1991.97
TF: Daily
Leverage: 3.3x
Pattern: 1) bearish megaphone reversal pattern with 2) untested EMA support, 3)untested 3/1 Gann (!!!), and 4) untested 4/1 Gann.

PS. Please don't comment that we are trading above the short level(s). This simply gives away the fact that you are an understudied trader, or not a trader at all. If you are new to trading, do not short and please spend 6-12 months practice trading and reading peer-reviewed and professional trading material. Shorting levels need to be respected by gauging the trend; they are designed to be confirmation levels for safe and risk-defined entries.

Trade active

Note

The market has gone higher! Here's another entry we can use ;) Remember, only short with the trend, so be sure to position on 15MIN and 1HR timeframe.
Daily:

4HR:

PS. Gann line had to be moved as market structure has changed a bit.

Note

Is this the top?

Note

This idea has been revised:

Note

BTCUSD [REVISED] | 50% Daily Short Trade Setup

Trader6127

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