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xcitedDelirium
Sep 13, 2022 12:16 AM

Bearish 3-tap setup on Bitcoin Short

Bitcoin / USD TetherFTX

Description

We have shot up to a new range high which got deviated and retested successfully (what looks like a double but it is in reality a triple top due to the swept high that preceded which is a stronger pattern to trade).

We can also notice a bearish divergence in RSI.

Targets marked; FVG and equal lows.

Trade active

Booked profits after the FVG fill and the sweep of the equal lows and trailed my stop loss. :D

Not gonna close my short fully after sweeping the lower equal lows.

I expect the big FVG in red to be filled. My last target for a risk-free runner position would be the last OB in green.

Trade active

Lower eq. lows taken. Booked profits for my 3rd target.
Position still open.

Trade active

Booked more profits at the (relatively small) Golden Pocket bounce.

Trade closed: target reached

Imbalance filled. Trade closed! I personally left a small percentage of the position running with a trailing stop.

Trade closed: target reached

Runner looking amazing.
Comments
f4taL1ty
Best graph
xcitedDelirium
@f4taL1ty, thank you again :D
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