xWolfxPT
Short

BTCEUR - Week 6 - Structure Short (Update 1)

COINBASE:BTCEUR   Bitcoin / Euro
The selloff seems to be unstoppable in the crypto-currencies.
Since the market did not do what I predicted yesterday, the situation changes a little bit, but the Trend bias remains the same.

The price reached the Support @5100 and looks like that it is starting to have some Buyers pressure.

I dropped to a lower time-frame (4H) to get a better perspective of what happened on the market the last few days and a similar setup like yesterday could be forming.
If price reaches the Yellow Area then watch for a bearish signal to go short for a retest of the previous lows @5100 (target 1) and an extension targeted on the next Minor Structure @4200 (Target 2)

Take care & Happy Pip-Hunting
Comment: Price reached the predefined area, and now I am waiting for a candlestick signal to get in in the 1H and 4H chart
Trade active: Inverted Hammer spotted on the 1H Chart:
Entry: 6883.12
Stop-Loss: 7466.99
Targets remain the same
Comment: Inverted Hammer also confirmed on the 4H Chart
Trade closed: stop reached
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