BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Training Short BTCUSD 6600
i see that the price is following the pitchfork as a downtrend
price is block by the blue MA
the compression between MA and bollinger gonna finish by a strong mvt, and for me it gonna follow the actual trend
First target is open for me. Will update after that
Be careful at the 0.23 fibo lvl

Trade active: MA break (purple one, dont have periods in mind)
Next target was the following MA (grey one) => bounce on this MA
We need this MA to break after that, it should be a good downtrend

/!\ 4H graph show us that ichimoku cloud has been break in the last candle (thats good for us, but the cloud is not heavy) ! But the bollinger bands is actually doing a fake breakout, so depending on how the candle is going to close it could be a reversal signal
Trade closed manually: Pattern fails ;
Opportunity to close the order with some gains ;
Order : Short
Open : 6608
Close : 6300
Return : +4.66% (without fees)
This red candle might be correlated to stock market perf (look at S&P500 and others...) or just a simple move after touching the downtrend (black one on the chart) or the ichimoku clound // In case it s just because of stock market correlation, we could see a strong bounce -> then i prefer to close this order + ; and wait for another signal
Thanks
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