Tendorian

30th March BTC Short to the Abyss trade

Short
Tendorian Updated   
BITFINEX:BTCUSD   Bitcoin
Another short trade, even more aggressive risk reward ratio with tight stop. I believe the next fall will be the final crash. With that belief, it is worth taking a shot at this trade for a massive 28x return.

Open price 7100
SL 7200
TP 4300

Will move stop loss as the trade develop.

If price breaks above 7200, most likely we will get a bigger correction before the next fall.

Not financial advice, do your own research!
Comment:
Stop hit, will be looking for another short later.
Comment:

Price 7200
SL 7400
TP 4300
14x return

As long as the 4H is below the 200 EMA, i will keep looking for short trades.
Comment:

Move SL to breakeven at 7200
Comment:

Move SL to 7100, if it breaks we might be going up to 7500 where we will find another short trade.
Trade closed: stop reached:

Stop got hit, this could be a big correction or even a reversal

Return 0.5x

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