VGNOMICS

If BTC gets rejected at 18800

Short
VGNOMICS Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
I would normally not advice to short in a bullrun.
But becasue I made some nice profits with shorting from 19500 area and 18600.
I can't help myself with looking down again.
There is a big chance we go to 14k.
If so I think maybe my descending channel gets respected again.
But most of the time when a trend gets too obvious the opposite happens.
So beware with this trade, only trade this if you see a big fat rejection.

Risk/Reward Ratio is 9:1

Enter SHORT = 18745

Take PROFIT = 17090

Good luck !
Trade closed: target reached:
I am in the short from 18820.
Let's see what happens.
Trade active:
We had 5 rejections at 18800, we can now put or stop loss on our entry to make sure we don't make more losses then needed. It looks like p[rice of BTC wants to move higher, very big chance this trade is lost.
Trade closed: stop reached:
STOP LOSS with no loss... failed trade
Trade active:
RE- enter at 18923 - stop loss on entry (last try)
Order cancelled:
fell asleep, forgot to tell. Stopped out without any losses again. It's time to stop shorting ;D

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.