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Silkman
Dec 15, 2022 8:35 AM

BTC channel Short

Bitcoin / United States DollarCoinbase

Description

Been posting this in the updates of my previous idea, a reliable channel for the last couple weeks.
Perfect touch of the 0.382 fib and rejected down. Couldnt get a candle close outside of channel, shorts were entered with sl now in profit.

Mid range of channel should look for a bounce, if not there then the 0.236 and if not there the bottom of the channel.
I am however in time, expecting this to break to the downside.
Shorts will be closed near the region of the bottom of wedge posted previously at which point i will omega giga long.

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bounced on the 0.236, res at mid range now

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Bounce on.236, mid range rejection. On lower channel support. IF it holds, up to .236 and hammertime

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Straight through. Could come back for the retest at 17k

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Weakness has shown itself. Eyes on previous chart indicating bitcoin wedge bottom.
Holding short still, till those levels, will continue to update

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Could now be looking for the retest

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Right, its come to retest the fib perfectly.
Comments
SwallowPremium
Very good trading plan.
Silkman
@SwallowPremium, Thanks Swallow
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