bluestormpr

This R/R on BTC is just too high to ignore

Short
BITMEX:XBTUSD.P   Bitcoin
Short the bitcoin downtrend back to the volume profile's point of control; weekly 50 ema.
Reward/Risk = 15.9
Stop Loss = Slightly above the 3d high
Target = 9300s; same as previous short attempt at over 11k - which got stopped before the down move (see linked idea).

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.