k314

BTCUSD short setup

Short
k314 Updated   
BITSTAMP:BTCUSD   Bitcoin
Short BTCUSD below 6770

T1: 6000
T2: 5250
T3:4800

SL: 7240
Trade active:
Shorting BTCUSD as it broke 6770 level.
Trade active:
a small pull back possible as a inverted H&S is in the formation

Trade active:
Doubling the position size at CMP ($6875)
Trade active:
Tripling the position size at CMP ($6825)
Trade closed manually:
Exiting completely at 6950 at loss
Comment:
The move below 6770, after making a low of 6542, was not convincing enough to hold the short position for 4 days. BTCUSD chopping around 6770
Hence not waiting for SL to get triggered.
Exiting manually at 6950 after seeing some bullish move on 1H chart
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.