BTCUSD Short Trade Setup
Trade active:
Opened a small short position and will add more shorts if price climbed to the mentioned levels above
Comment:
Bears are fighting the formation of double bottom . a break above 14200 would expose 14454 the 0.236 fib level . could add a short from there if price breaks otherwise bear will take over control and negate the double bottom formation
Comment:
Bears are taking over so far until now and slowly turning that in completed double bottoms into double tops . break below 12900 would open floor for bigger lower movement ..let's wait and see
Comment:
Down trend resumed .. next support will be around 12500
Comment:
Price is falling as expected . first soft target (25 % of position ) @ 12500 and will add more shorts if it bounced otherwise will continue monitoring the remaining positions
Comment:
First target reached @ 12500 ... closed 25% in profit .. looking for further downward move
Trade closed: target reached:
Closing the remaining 75% @ 10000 $