BitcoinShort
BTCUSD Short
Updated
Bearish engulfing (H1). The same logic as in previous trade.
TP1 - near weekly S/R. Will look closely at the price action around this level and decide what to do next.
TP1 - near weekly S/R. Will look closely at the price action around this level and decide what to do next.
Trade closed: stop reached
Note
The LTC/USD movement can be considered as prediction regarding BTC/USD forecast. But we're now at significant price level of 50.5 (ltc/usd) with less "fuel" (volume). If we can hold above it, I'll be bullish. If not, then short the corn.Note
Probably, the stop was too low. Should have put it at 8320 (wide-spread bar opening marked by yellow arrow)
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