CryptoSeraph

BTC/USD Trade Idea Price action swings return to July 2017 highs

Short
CryptoSeraph Updated   
COINBASE:BTCUSD   Bitcoin
Bitcoin/USD INTRADAY Price action swings return to July 2017 highs range 2870 - 2989. This is shark food limit orders waiting to trigger..Traders will challenge the Bulls with force. Limit Orders, in this range, triggered June 11, 2017; July 21, 2017 and most recently, August 1, 2017. At the current hour price range 2795.50 - 2900, Bears have taken control May 25, 2017; June 30, 2017 and most recently 6 days ago, July 28, 2017. Divergence is weighing heavily on price and its only a matter of time...before the averages return to correlation.

Trade Idea : Set Short Limit Order(s) in range 2985 - 2914, with maximum risk control stop loss at -->>3010.24<<--
Set Take Profit in 1/3s in range 2530 - 2448; 2235 -2346; 2086 -1864
Timeframe: 7-8 days
@cryptoseraph
Order cancelled

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