BTC - Short a Stop Hunt and Stay on the Right SideI’m breaking my larger idea down into multiple trades, now that others are opening up to the reality that it’s possible.
These order blocks shown are filled with long position stop losses, leveraged sell orders that only fill when price crosses over - and will set off like a chain reaction.
This will create a very fast drop IE Stop Hunt - and we can take advantage of it.
TRADE 1 - SHORT
Entry - 120,200 to 120,500
Stop Loss - 123,800 (although I don’t see Bitcoin rising back above 121,000 before this trade completes)
Target 1 - 97,250 (Close 25% of trade)
Target 2 - 69,400 (Close 50% of trade)
Target 3 - 38,100 (Close 40-90% of trade as it’s possible we continue to drop and don’t retrace from here to 90,000 appx)
I’ll be logging this trade.
All the best and buckle in.
- DD
