Market Timer is back - Short BTC Target 6200
Market Timer is back !!!
Short BTC now- target is 6200 .
The upper trend line is Supply and the lower trendline is demand line
However if the candles start hitting the upper trendline close the trade as BTC is bullish instead of bearish.
Place stop loss close to upper trendline.
Enjoy the trade !!
Short BTC now- target is 6200 .
The upper trend line is Supply and the lower trendline is demand line
However if the candles start hitting the upper trendline close the trade as BTC is bullish instead of bearish.
Place stop loss close to upper trendline.
Enjoy the trade !!
Trade closed: target reached
Closing off the trade now guys . I always close off a trade 25-50 $ before reaching target .What went right with the trade ?
If you observe the chart well the breakout candle opened below the lower trend line ( meaning the selling pressure was so high that the bears forced it open below my demand line or support level ), this confirms the break out and thats why I took the trade .
Candles give you a lot of stories if read well .
Wait for the next trade !!
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