cscarpa

BTC relief rally part 2 (longer outlook)

Long
cscarpa Updated   
BITSTAMP:BTCUSD   Bitcoin
This is an update to my recent relief rally idea.

Chart says most of it, missing volume is the key. Weekly trend is still widely bearish which might take us sub 3k soon.

- thank you for your comments -
Trade active:
1h candles

Comment:
we nearly reached the optimum shorting region above 4300, not quite but nearly. since 4h turned bearish i went short at 4220 and adjusted my targets to 3600 levels.

the short turned out beautifully returning a rocking 86% profit on x5 leverage.

i took profits at 3600 and am waiting for a long-setup to trade the inv. H&S

Comment:
skyrocketing to target 1 :D already reached, inverted H&S scenario in place. leaving long open for further targets at 4180 and 4375
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