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CryptoAddict77
Feb 22, 2021 12:12 AM

BTC short trade Short

BTC Perpetual Futures ContractDeribit

Description

Timing is way more important than price target. If you enter and exit at the right time you will have best results with your trading.

Short at $57,500 or above
Target 1: $43,800
Target 2: $41,500 (Target date: March 8)

Stop: $58,500

Good Luck!
Comments
ForecastCity_World
Very interesting 🔥👍
VarunAgarwal
New 4hr low closes incoming. You think <40k is possible. If ppl are waiting for 38k then in my experience it never happens
CryptoAddict77
@VarunAgarwal, I agree. I do not expect bellow 40k. Actually I am considering 44k to be the bottom, but don't exclude another down to the T2 from my post.
VarunAgarwal
Sick trade dude. I didn't short but exited all longs at 55k once I saw those red TD candles on the 4hr. Did you call this short only because of a TD 9 or other factors?
CryptoAddict77
@VarunAgarwal, never use just one indicator for entries or exits. I have 3-4 indicators and horizontal lines as well as other factors.
VarunAgarwal
@CryptoAddict77, Well that was one hell of a 4hr candle. Dead cat bounce dying out now for further downside to targets?
CryptoAddict77
@VarunAgarwal, not easy to say what happens short term, but over the next week it should hit at least target 1
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