Short

Updated

BTCUSD - great short opp if we break this channel down

BTC is forming a bearflag for one more leg down. Great entry under this channel with great RR. Could dip into the monday. This dips from now on are for buying, shorts are for hedging. Indicator is yellow which means reversal but it also means be carefull or reload. I am leaning bearish.

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This is a bit more proper view

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So the plan is, short if we break the channel down. Prior to that we can push to 9450 9500 (top of the channel) in case we do that I will short there with a very tight stop and the add on confirmation of breakdown and potential retest of that break.

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Stop set go

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Perspective that down is waaaay down... careful

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Breakdown retest?

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TP1 hit

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Separate high risk new entry

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Perfect

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Stop at break even, because it smells like a bear trap. Next 2 hours are crucial IMO for either direction. Break 8800 and we go down, reverse swiftly above 9k and we go to at least 9200-9300

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I exited last trade with ⅔ sold at 8766, rest at entry so win but not as much as I would like, smelled a bear trap and that is what happened. Taking another stab at original trade for another go

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Keeping this in mind

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If you see this as a flag, this is the trade

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This series was great while it lasted. Broke to the upside, I am still expecting a big drop. Closing this series

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