BTCUSDT
BTCUSD
BYBIT:BTCUSD This is my short trade setup that I have just taken.
If you missed the trade, wait for a retrace to get in.
Head and Shoulders pattern on the 30m chart with TPO and CVD confirming the trade. CVD looks to be leading price bearish and we have had a failed auction on the TPO chart
Open interest also indicating this is a high probability trade.
All the details in the video
Not Financial Advice. DYOR. Papertrade before trading with real money.
If you liked this idea, please give it a thumbs up and follow. Comment on how you are trading BTC right now.
Safe trading!
Shawn
Comment:
Looks like a bullish pennant has formed on BTC. Could mean a breakout is on its way. Use good risk management here - Tight stops or stops at entry if you've taken the short.
Comment:
Placed stop at entry - got stopped out and flipped long as it looks like we have a breakout of the range on its way
Comment:
Re-entered Short on the retest of the Value area high of the range. Still in the trade, but 50% of the trade with stops in profit. 50% at entry as we might still see lower prices.
If the market dumps further this could turn into a long term swing trade
If the market dumps further this could turn into a long term swing trade
Comment:
$19913 Target hit as indicated in the video at 7am UTC+2
