taftrader

Its no longer screaming but whispering,Sell me!

Short
COINBASE:BTCUSD   Bitcoin
In case you did not listen when i said this market was literally screaming Sell Sell Sell in October,here is yet another chance you have for redemption. The upper blue zone was an important zone which was broken through on 21 November. This zone was tested and we had good sell candles coming thereafter but we dd not take these signals because we were still in the area between kijun and tenkan. We had another near test of this zone and yesterdays candle closed below the tenkan,a good signal for us. So we take the trade but we reduce position size because our entry level is a bit off from the top of the blue zone which is were our stop loss should be. This reduces our risk to reward but its safe especially for BTC which has a tendency of spiking to just nick you off the trade then resuming.

Entry: one small position @ 7355
SL: 8055
TP: 6207 ( we are will be constantly looking for exit signals in this zone)

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