XBTUSD Short
Getting short on any signs of strength short term. Look at the downtrend recently formed. Gonna take time to reverse the weight of the market.
4k should provide a strong floor.
Volume profile indicator is showing how many contracts traded hands at that particular price. This shows significance to institutional investors which is important to understand.
Entry and exits are visual only and represent no forecast of time. Spaced out for chart clarity.
Goodluck!
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
4k should provide a strong floor.
Volume profile indicator is showing how many contracts traded hands at that particular price. This shows significance to institutional investors which is important to understand.
Entry and exits are visual only and represent no forecast of time. Spaced out for chart clarity.
Goodluck!
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
Note
No entry yet. Likely to consider only entry 2 after amount of time passed.Trade active
First order filled 8720. Note
Hodling lolNote
Getting another shot at entry. It’s safe to say this move is probably going to stabilize the market here. I’m just going to let this play out.Trade active
As per the original strategy, I am adding to the position at the second short entry. This was my plan. We sat in the profit for weeks. My risk is managed.
No reason to step back from this trade now.
Note
Stopped outNote
Full loss in the shortterm. Longterm bags are good to go. God speed gentlemen!
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