Bitcoin / TetherUSShort
BTCUSDT short
Updated
Bitcoin Short -
I was looking at the recent bitcoin rally that I was unfortunately not able to catch. So I was waiting for it to halt at some point and give me an opportunity to grab a quick counter trend retracement play.
As soon as I saw that Bitcoin pulled back and made a double top formation I was interested in a short.
Once it gave me a confirmation by taking out the liquidity from ATH and closing below in a reversal candle I became more confident about the trade. After waiting for a 15m confirmation candle I punched my sell orders and I've been riding the fall - waiting for my TP!
I was looking at the recent bitcoin rally that I was unfortunately not able to catch. So I was waiting for it to halt at some point and give me an opportunity to grab a quick counter trend retracement play.
As soon as I saw that Bitcoin pulled back and made a double top formation I was interested in a short.
Once it gave me a confirmation by taking out the liquidity from ATH and closing below in a reversal candle I became more confident about the trade. After waiting for a 15m confirmation candle I punched my sell orders and I've been riding the fall - waiting for my TP!
Trade closed manually
Bitcoin bears didn't manage to break the 86000 level. It tool support around that zone and bounced back for ATHs again, I closed manually after my unrealized gain took a 50% hit.
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