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k314
10 apr 2020 04:46

BTCUSD short setup Kort

Bitcoin / U.S. dollarBitstamp

Beskrivning

Short BTCUSD below 6770

T1: 6000
T2: 5250
T3:4800

SL: 7240

Handel aktiv

Shorting BTCUSD as it broke 6770 level.

Handel aktiv

a small pull back possible as a inverted H&S is in the formation

Handel aktiv

Doubling the position size at CMP ($6875)

Handel aktiv

Tripling the position size at CMP ($6825)

Trade stängt manuellt

Exiting completely at 6950 at loss

Kommentera

The move below 6770, after making a low of 6542, was not convincing enough to hold the short position for 4 days. BTCUSD chopping around 6770
Hence not waiting for SL to get triggered.
Exiting manually at 6950 after seeing some bullish move on 1H chart
Kommentarer
transparent-fx
I broke it down as well, here is my markup
k314
@transparent-fx, excellent 👍
Mer