Bitcoin Short!!!! BTC/USD Short on Daily TimeFrame Triggered!!!
The Khaos-Crypto-Trader found a short for the BTC/Dollar pair. This setup triggered.
Using the Khaos-Crypto-Trader, just this one indicator, the trades are automatically mapped for you. If finds trade setups, then it paints for you: The Entry, Targets, and Stop. As you can see here we have had several winning trades in the past. Now we have an active short setup.
You can try this indicator for free no obligation 14 day trial, by visiting the website which is listed on my profile.
Risk Disclosure
Futures , Forex and Crypto trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results
Hypothetical Performance Disclosure
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results
Using the Khaos-Crypto-Trader, just this one indicator, the trades are automatically mapped for you. If finds trade setups, then it paints for you: The Entry, Targets, and Stop. As you can see here we have had several winning trades in the past. Now we have an active short setup.
You can try this indicator for free no obligation 14 day trial, by visiting the website which is listed on my profile.
Risk Disclosure
Futures , Forex and Crypto trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results
Hypothetical Performance Disclosure
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results
Comment:
Patience, we consolidating below the entry.. perhaps getting ready for that push down...
Comment:
The Trade is progressing nicely, all is going according to plan...
Comment:
The short setup is still active, and triggered. But we must talk money management. At this point, according to the system, a daily close above 10k would cause us to exit the trade.
So at this point the setup is still actively short...
So at this point the setup is still actively short...
Trade closed manually:
Hello everyone, the trade first initially triggered on March 9th, as it went beyond the purple dot to trigger the setup. However its 16 or so bars later, and the trade is still at break-even, the setup should have satisfied the target by now. Currently we can exit at break even, and we should do so. The target might still hit, but this consolidation has lasted too long for the setup. I therefore close the trade at break even.
Comment:
Looks like this trade is going to work out.. Price is falling very aggressively.
Comment:
Its important to understand that the long consolidation for 16 days does lower the chances of the setup playing out, however, the aggressive drop we are seeing today is impressive, and Target 1 most likely will be reached.
Comment:
Target 1 was hit.