Bitcoin - Drop to Support and Bounce

Trade 1:
Side: Short
Entry: 8462.0
Strop Loss: 8521.0
Target: 8121.0
RR(BTC): 4.83
RR(USD): 5.78

Trade 2:
Side: Long
Entry: 7951.0
Strop Loss: 7844.0
Target: 8364.0
RR(BTC): 3.17
RR(USD): 3.86

The current state of all November trades can be found in the following spreadsheet:
docs.google.com/spreadsheets/d/1c_i0ihpXUBumntv8EORSHFwHNdoYwTo8VJbRrDpuOig/edit?usp=sharing

This Post will be updated any time a trade is added/cancelled/changed/opened/closed.

|O.o|

Trade active

Trade 1 Open

Trade closed: stop reached

Trade 1 Stop Reached

Trade active

Trade 3 Added (Open):

Trade 3:
Side: Short
Entry: 8477.0
Strop Loss: 8501.0
Target: 8121.0
RR(BTC): 10.03
RR(USD): 14.83

Note

Low volatility (indicated by tight Bollinger Bands and ADX = 10), Low Volume and RSI under 50 = Potential bearish breakdown

Trade closed: stop reached

Trade 3 Stop Reached

Note

Trade 4 Added:

Trade 4:
Side: Short
Entry: 8504.0
Strop Loss: 8534.0
Target: 8121.0
RR(BTC): 9.29
RR(USD): 12.77

Note

Trade 4 Updated:

Trade 4:
Side: Short
Entry: 8497.0
Strop Loss: 8524.0
Target: 8121.0
RR(BTC): 9.81
RR(USD): 13.93

Note

All Trades Cancelled, Further Analysis has revealed potential for a bullish reversal:

OrigamiOracle

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