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stephen0215
Jul 10, 2018 3:32 AM

Hunting season is not over yet. Short

Bitcoin / United States DollarCoinbase

Description

Well... There is much possibility of the formation of the ascending wedge rather than HS pattern.
Think about the doubts below if you believe its hs pattern.
Question 1: where is the neckline?
Higher highs have already destroyed it.
Question 2: where is the right shoulder?
Even too hard to recognize.
The 4800 TP is still valid. If it breaks the major support line area first.
Course you can absolutely wait for more confirmation. But i've already taken short.
BTW, remember to set your stop loss.

Comment

Remember to take profit.
Comments
icoeyedoc1stock
Could you please teach me how to short with a stop loss?
stephen0215
@icoeyedoc1stock, All depend on your risk resistance capacity and opening position.
stephen0215
@icoeyedoc1stock, I prefer to set a little above the last high. Course at the higher opening position would be great if I am about to take short.
stephen0215
@icoeyedoc1stock, set the stop loss a little above the last high.
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