Yesterday I wrote about the possibility of opening short position today.
Now we can see after several hours in a lateral movement graph is preparing to test 235.
My trade is SELL @235.4 and SELL AGAIN if hit @240.
I am waiting BTC USD back to $235 zone.
I dont want SELL in $232 because $230 is a very good support .
If BTC USD break $230 support zone i will SELL STOP @226.5 looking hit @218.
See my post: BTC USD - Bearish Move.
Chart H1 - H4 - M30 and M15 have a convergence for BEARISH MOVE.
We have the major resistance at $240 (H1) and 3 sub-resistances $238.30 $237.60 $236.5.
If BTC USD break $230 we can hit $224.
Only above $240 the H1 trend will turn Bullish
Today we can see a nice channel with support $234 and resistance $240.
I am waiting upside break at $240 and open a BUY STOP = $240.5 with target = $246
another trade might happen in the event of downward movement and break $234.
In this case i will SELL STOP = $233.80 with traget = $226.
STOP LOSS = $8