trytofeelpositive

BTCUSDt Analysis (i tend more for short)

Short
BITSTAMP:BTCUSD   Bitcoin
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Everything on the chart.
I expect the price will continue to fall.
we are in a downtrend on pullback i would open a short if we fix above 9550 the scenario wouldnt be relevant
zone for opening short-position: 9050-9450
main target zone 7700-7400,
also we have local support on 8400, i would recommend fix ur profit in parts (after first target will reached move ur stop to breakeven)

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Comment:
if we don't get to our the short zone, also you can open a short-position on break through local support(blue line)
Trade active:
I close 50% of the position at the current price
+6%, stop already in breakeven (9100)

the rest of the position I place 2 orders
8200(25%)
7700(25%)
Comment:
we moving in the channel
If we break through 9200 target at 9800,
8200 -> 7700
who followed my idea already in profit, if we will move up i've make reversal
Trade closed: target reached:
close the remaining position at the current price
enough profit for me

I will look at price behavior around 9200
Comment:
i've made reversal already
 

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