Bitcoin breaks consolidation to the downside, short target at 3k

Nothing that needs explaining. 3k is the target of the triangle (height of consolidation phase), which happens to sync with major supports (June 2017 peak and September 2017 China crash's bottom)
Short entry at 3950 with stop loss at 4150. Risk/reward is around 1:4.7

Kommentera:

we've been profitable and still is, but the selling pressure keeps fading. In this situation, we can amend the exit point from the original stop loss of 4150 to the entry point of 3950. If the exit is hit, it will be a break even trade. As of the 4150 level, it will be the threshold at which we go long with a new stop (for the long position at 3850

Kommentera:

Although exit point has been amended down to create a break even trade in the event market goes against us. This new exit was still not hit in the recent sudden pump and price resume dropping. Let's us hold this short and wait.

Trade stängt manuellt:

Trade closed at $3400, target hasn't been reach, but still profitable