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DatTong
Mar 28, 2020 2:18 AM

BTCUSD, breakout trendline=> Sell Short

Bitcoin / DollarBitfinex

Description

BTCUSD, breakout trendline=> Sell
H4:
- Structure: Downtrend
- Tendency: upward
- Test resistance H4 and D1
- Breakout and below trendline
-> Move down
==> Sell
PLAN: As Picture

Trade closed: stop reached

Comments
JoziSniper
Really love your work sir.
UnknownUnicorn6061584
brilliant work
descending broadening wedge is forming need to get a third touch
WicktatorFX
There was a major zone there that needed to be accounted for
aadrshshukla0
Stop loss hit
Dwizard_
@aadrshshukla0, was about to say
JaberOveshli
Hi Pls Update
aadrshshukla0
Channel still valid?
Jbergene
hey. Is this trade active once it went up to the sell-line?

I think we shall go lower too. But i've already burnt myself 3 times trying to short BTC in this swing market. So tempted to just wait for the lower lows.
DatTong
@Jbergene, If you want to short sell, give it room to develop, don't jump in and out with tight stop
Jbergene
@DatTong, Reason im asking is because this Idea you posted was a bit confusing. I'm just trying to understand your posts.

So, were you already in a Short position when you posted it or did you place a Limit-sell? And if yes, I assume that limit sell triggered when the price hit it.
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