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drich876
Mar 6, 2023 4:17 PM

BTC Weekly Sell Short

Bitcoin / United States DollarCoinbase

Description

If you are using a price efficiency trading model and are seeing weekly sell-offs entering the market, it may be a good time to consider selling some of your Bitcoin holdings to take advantage of the current market conditions and potentially maximize your profits.

Also ooking at the weekly RSI for confluence.

Trade active

In the Sell..

here's a potential re entry point

Comment

Progress so far (22 Hours ) after initial Sell entry

Trade active

3 Days since initial Sell.. still going strong

Trade active

4 Days since the initial Sell.. still going strong

Trade closed: stop reached

stong pullback on this new week candle
will look for more sells on wednesday
Comments
SellHiBuyLow
Why Wednesday?
drich876
@SellHiBuyLo, i sometimes find that the "real moves" show up late teusday/ early wednesday.. less draw down ..or the end of a retracement.. but that's just for me
SellHiBuyLow
@drich876, thnx!
illuminating_trade
drich876
@danta_master, nice bounce.. lets see if it continues up
illuminating_trade
@drich876,namaste sure...we have to see always.... it is all about how we react
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