This chart is being posted for both educational and technical reasons!
On shorter time frames, Bitcoin has created a perfect bearish shark setup.
My Stop/Loss and all profit points are shown on the chart above.
The ideal setup:
On shorter time frames, Bitcoin has created a perfect bearish shark setup.
My Stop/Loss and all profit points are shown on the chart above.
The ideal setup:
- Entry: $8000
- TP 1: $7700
- TP 2: $7450
- Final Target: $7135
- Stop/Loss: $8060
Note
Note
This pattern also increases the chances of the pennant pattern playing out long term.Note
Unfortunately my stop was hit for the perfect shark setup. For those of you who wish to remain bearish we still have an ANTI BAT setup.Targets remain the same. Stop would be set to just under $8200.
I know that it is a shame that I took losses, however I too am trying to discipline myself by following the proper rules.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
Related publications
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.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
Related publications
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.