BTC shows a clear break point and prepare to open short position
Updated
Hi there.
I guess whales did read my chart and really did bring more tanks to hold 8550.
But so far i see at least 2 groups of air force stand by red global resistance.
Suggestion: short
reasons:
1. BTC break down from blue local uptrend
2. BTC tried 3rd time to the white bigger downtrend.
3. BTC reverse head shoulder form failed and may print out a normal head shoulder form.
I will open short position around purple rectangles with really tight stop loss.
Stop loss: 9020
1st target: 8360
Risk/Reward ratio is over 5
Please comment and share.
Thank you for your time.
Alex Wang
I guess whales did read my chart and really did bring more tanks to hold 8550.
But so far i see at least 2 groups of air force stand by red global resistance.
Suggestion: short
reasons:
1. BTC break down from blue local uptrend
2. BTC tried 3rd time to the white bigger downtrend.
3. BTC reverse head shoulder form failed and may print out a normal head shoulder form.
I will open short position around purple rectangles with really tight stop loss.
Stop loss: 9020
1st target: 8360
Risk/Reward ratio is over 5
Please comment and share.
Thank you for your time.
Alex Wang
Trade active
Enter at 8940 with tight stop loss.Good luck :)Comment
Hit my stop loss, i re-enter with stop loss 9030.Trade closed: stop reached
hit again don't reach I will do another chart :(
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.