$BTCUSD Current short trade
Good R:R short that I entered yesterday.
Reasons for:
- Price rejected ~4400 area
- Fell back through a significant S&R area which I would have taken as a no-brainer long if price had spent a little more time above it.
- Good R:R
Overall I am still bullish BTC.
Reasons for:
- Price rejected ~4400 area
- Fell back through a significant S&R area which I would have taken as a no-brainer long if price had spent a little more time above it.
- Good R:R
Overall I am still bullish BTC.
Note
Target ~4020 lowsNote
Price has now broken down, following the expected price action. Currently we have seen a retest of the level, but again, with not as much time/space as I would have hoped. A classic H&S has now formed.
Note
Have now moved stops down to ~4240.Note
Stopped out of trade, banked 1.2R.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.