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Short

Bitcoin: ¿Ongoing HS? ¿Last chance for buy?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Keeping last idea we published, BITFINEX:BTCUSD tested long term downtrend without success. Right now we can wait for a new HS formation to make a new bearish movement until 9 - 8200 zone.

So, right now we are going to place short positions from 10.700 to 11150, with target to take profit at 10k, and 9k. Stop loss of this strategy 11250.

Just be careful about targets below of 61.8% retracement . Could be very dangerous on mid term going down 8k.

Good trades for all!
Trade closed: target reached: 1st tgt 10k reached. Take profit done.

for the other amount take profit at 9, and SL at 10350 (point of invalidation of HS pattern).

good trades!
Trade active: Still active until 10450. After that point (closing 4H candle up to that point) HS pattern will be invalidated
Trade active: going . to 9/8k
Trade closed: stop reached: stop reached. to invalidate all bearish scenarios we must break 10960 (closing daily candle up of that). right now out waiting.
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