Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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My revious wedge became a1 descending channel took profits on the scalp after entering a short at the top of the channel to maximise profits however if you do this place a tight stop loss because if it break the channel resistance it will keep going up probably up to 4150. If you want a safe entry when the channel breaks wait for confirmation of st lesdt 1h candle that closes below the support or resistance of the channel but looking st the 16 h chart it has a price flip signal on it on TD SEQUENTIAL SO EVEN IF WE GO UP we will probably go down by the end of the weekend.
Remember to alway lower your stop loss as a way to take profits and minimize your risk that way if it goes down and up again you wont lose and flip bias after
Ps: updated my first short entry for scalping at 4095 instead of 4075