TAFA94
Short

One potential SHORT position on BTCUSD

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We have one possible short position on the BITSTAMP:BTCUSD            
1. If price touches the red area, check if there is divergence on either MACD or stoch. If step 1 is fulfilled, continue.

2. If step is 1 fulfilled, we want to see either a double- bottom /top or w/m pattern forming on 4H or 1H. Will demonstrate those patterns when the time comes. If step 2 is fulfilled, continue.

3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade. If step 3 is fulfilled, continue.

4. Short when PRICE makes lower low. If it doesn't and instead makes higher high, abort this potential SHORT.

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