bagofXMR

Bitcoin ascending wedge brokendown

Short
bagofXMR Updated   
BITSTAMP:BTCUSD   Bitcoin
Ascending wedge broken, breakdown point retested, now heading down to horizontal support + secondary trendline + broken wedge target.

Entry 1791
Stop loss: 1841
Target 1686
Comment:
Also potential head and shoulders about to confirm pointing to a 1722 target.
Comment:
head and shoulders confirmed and looking for target
Comment:
Bounching of horizontal support + trendline.
Comment:
Neckline retest.
We might head down now.
Comment:
Added stops in profits. 50% 1760 and 50% 1775.
Right now looking as if btc doesnt want to make a new lower low. Will monitor it closely to reopen if stopped adn needed.
Trade closed: target reached:
And other good trade
Comment:
Shorted the profits with tight stop (1760). It is a bear div, plus resistance level. i think it has odds to hold
Comment:
And already out of that short-lived short.
0.3% loss in this quick trade.
5.86% profit in the main trade.
Comment:
mmm... probably about to get stopped, but i haven't yet. we need to break 1760 to trigger my stop.

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