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TradeRepository
Oct 15, 2019 3:55 AM

$BTC Breakdown below $7864 Short

Bitcoin / United States DollarCoinbase

Description

BTC is not the driving force of the cryptocurrency market anymore.

It is expanding elsewhere.

Here is a 5R Trade.

Updates every critical event.

Enjoy!

Comment

Hope you are enjoying the ride

Comment

Double Entry.

No changes to current play

Comment

Double Entry should = Double Profit.

Take off the additional risk and pay yourself.

Look for a continuation setup while holding the overall swing down for lower.

Cheers!

Comment

This is why you pay yourself.

Everything is still following the schematic.... $8700 is the key. A break above with the right momentum and the squeeze can take us over $9000 on the weekly.

For now this is still active until we can breach 8700 as seen in the chart.

Trade closed: stop reached

Trade is closed on the break of 8700.

Looking to do business in a new trade if market retraces back to 8700.

+Profit depends on how much you closed at 7500.
Comments
htnnee
I miss the standard red and green colors of the setup box :-)
TradeRepository
@aknnig, Yeah me to
CodeGangsta
"BTC is not the driving force of the cryptocurrency market anymore.....It is expanding elsewhere?".....where do you see this expansion?
TradeRepository
@CodeGangsta, I see it not in BTC.
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