MikulovicFOREX

Bitcoin: Bearish 1.414 Extension

Short
MikulovicFOREX Updated   
BITMEX:XBTUSD.P   Bitcoin
''SELL LIMIT ORDER''

Why sell?
  • Bearish 1.414 extension

Trading Plan

Sell limit orders at 1.272 and 1.414 fibonacci extensions.
Stop loss at the 1.616 extension +5 pips(and spreads)
Target prior lows
When price moves 61.8% in the direction of trend, stops are moved to break even for risk free trades

Good luck to everyone trading Bitcoin!
Order cancelled:
Break even!
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