BTC Short Zone: 4000-4100
Stop loss: 4300
Target Profit: 3630
After my successful ride down from 3900 to 3100, I'm looking for a pullback to the 0.618 fib, or the 3600 level. This is a great opportunity to short now with relatively safe leverage (5-10x). Multiple 4 hour doji wicks and overbought MACD suggest bullish exhaustion.
Stop loss: 4300
Target Profit: 3630
After my successful ride down from 3900 to 3100, I'm looking for a pullback to the 0.618 fib, or the 3600 level. This is a great opportunity to short now with relatively safe leverage (5-10x). Multiple 4 hour doji wicks and overbought MACD suggest bullish exhaustion.
Comment:
Trade closed: stop reached:
Looks like more upside is incoming. The mid-term trend seems strong for the bulls.
Trade active:
Re opened short at the 4000 level after seeing a classic double top pattern.
Comment:
SL 3950
SL 3950
Comment:
Just as I predicted...another successful trade :)
Just as I predicted...another successful trade :)
Trade closed: target reached