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BitcornBen
Sep 17, 2020 8:28 PM

BITCOIN FAKEOUT SCALP OPPERTUNITY Long

Bitcoin / DollarBitfinex

Description

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Trade Idea: Bitcoin broke a 4H support but then immediately closed above this support the very next candle. This caused a fake out and a lot of trapped traders that are in shorts

Reasons for trade:
1: Fake out
2: reclaiming of support
3: 200 4H EMA is under us acting as support
4: 4H Stochs about to turn up

Trade confidence: 6/10 (only reason this isn't higher is because the volume isn't supporting this move up

RR: 4.63
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