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TheMeditrader
Mar 26, 2023 3:53 PM

Short Setting up on Bitcoin For an accumulated 9R trade Short

Bitcoin / US DollarEightcap

Description

I’m looking to enter 3 short position on Bitcoin if we can get a test of the mean threshold above. Bitcoin can be volatile in that it might take out the bayside liquidity if it gets up there but I’m hoping see a clean rejection at the MT and ultimately a move down to the lower Mean threshold.

Take profit 1 is at the first order block.

Take profit 2 is at a POI with has 4 confluences.

Take profit 3 is the stretch to hit the mean threshold and seek sell side liquidity.

Happy Trading!

The Meditrader
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