BTC Short Entry - The trend is your friend!
Updated
The global trend is downwards. This being said, we did break down to a previous trendline which acted as support and is upwards - a higher low formed. We are beginning to be squeezed into a triangle.
We bounced from the top trendline which acted as resistance and now I anticipate and hope to continue moving downwards, once again touching that bottom supporting trend.
A nice little catch if so!
We bounced from the top trendline which acted as resistance and now I anticipate and hope to continue moving downwards, once again touching that bottom supporting trend.
A nice little catch if so!
Note
Target hit and we sunk all the way down to the trend line. As I was watching, I removed my take profit and moved up my stop loss. Acting as a trailing stop loss, I then set the TP to 17970 and hit.
Lovely :)
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