Short Bitcoin, be patients as volatility is dead
This - 7200 breakout - has not been retested since the breakout.
Any demand at 8700 or support is simply a bull trap for retailers, and is coming on weekends.
This pattern suggests that scammy exchanges pump it to wick buy stops.
It looks like a slow grind downwards but price is coming there with
Stop Loss - 9363
1.first stop at 8500, R:R - 2.31
2 second stop at 8200, R:R - 3.3
3. Third stop at 7800 R:R. - 4.8
4. Final at 7200, R:R. - 7.31
If you have liquidity, put it and go to sleep,
else, like me get out at stops,
and get back in after the relief pumps - which will always come
My entry is from 9070
Any demand at 8700 or support is simply a bull trap for retailers, and is coming on weekends.
This pattern suggests that scammy exchanges pump it to wick buy stops.
It looks like a slow grind downwards but price is coming there with
Stop Loss - 9363
1.first stop at 8500, R:R - 2.31
2 second stop at 8200, R:R - 3.3
3. Third stop at 7800 R:R. - 4.8
4. Final at 7200, R:R. - 7.31
If you have liquidity, put it and go to sleep,
else, like me get out at stops,
and get back in after the relief pumps - which will always come
My entry is from 9070
Trade closed: stop reached:
loss of 1R