BTC good risk reward short entry

Jul 14, 2018

For now the price action looks bearish to us and we think that we have a good shorting opportunity with a high risk reward ratio. If we break the down channel we see no reason for keeping the short active for more then a -1%. This trade could be confirmed by the break of the small uptrend line from inside the channel.

Jul 14, 2018

Comment

This is purely speculative and based on the assumption that the price will not break the resistance so low leverage and small positions should be used when entering such trades. Leveraged can be raised or you can add to the position once the trade is confirmed.

Jul 15, 2018

Trade closed: stop reached

Stopped out, the price went 3$ above our stop price.