Arzalon

Short setup

Kort
Arzalon Uppdaterad   
COINBASE:BTCUSD   Bitcoin
Trade:
entry 7250-7350
sl 7575 or retest at 200EMA after S/R flip on the 4 hour
tp 7075, 6900, 6600

Legend:
Yellow line - 55EMA
Brown line - 200EMA

Do your own research, sharing this just for fun
Kommentera:
Forgot to add VPVR

Handel aktiv:
looks bad, if we print a 4h candle close above 55EMA, I'm going to get out at the lowest price i can manage
Handel aktiv:
retesting, if support holds I'm out
Trade stängt: Stopp nått:
S/R flip confirmed, volume increased at retest and price went up. Could go long with tight stop, but want to get some distraction and going flat into the weekend:)
Handel aktiv:
I looked for conformation on a time frame which was way to low... I don't like juggling around with positions. But realized I made a mistake and reactivated the trade
Kommentera:
Volume on the 4h candle was way too weak, to confirm the support and it broke
Kommentera:
Looks like it is acting as resistance (for now)
Handel aktiv:
Trade stängt: Stopp nått:
Broke out and is now at support around 7600. Conclusion, breakout could reach 8xxx
Handel aktiv:
Break out done. Not selling by btc yet, but took small short pos at 8300
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