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Mactormind
Feb 4, 2022 2:33 PM

Bitcoin Sell Short

Bitcoin / United States DollarCoinbase

Description

Looking to potentially sell BTC here. As you can see we have rejection on a validated trendline + H&S pattern + rejection from the 50% Fib level all on the 4H chart. IF price closes below the 13ema seen in yellow I will be taking a sell with target at the pivot S1 line. Lets see.

Order cancelled

Per analysis price never crossed and closed below the 13ema. Trade canceled.
Comments
trytofeelpositive
long is more relevant like for me
short trend it's bad choice
Mactormind
@trytofeelpositive, To each his own. I saw more potential downside but my trigger never happened therefore canceled trade. Nice job on yours tho.
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