Mendenmein-Capital

BTCUSD - Volatility Warning SHORT

Kort
BITFINEX:BTCUSD   Bitcoin
Hello dear Crypto Fans

I wanted to give everyone a quick update, about my viewpoint on my BTCUSD Short. BTCUSD
Right now we are trading inside a huge triangle, which will break out very likely in the next 7 days.
I am still expecting a drop to 7200, but i don't want to risk more than needed.

The situation, in which we are, is very dangerous.
Because of this i placed my Stop-Loss above the orange Wave 2, to minimize the risk in this trade.

Let's see what the next Days have ready for us!

My Trade Setup

Short at: 9316$
Profit Targets: 7900$ -> 7200$
Stop-Loss: 9522$
Handel aktiv

If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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