$BTC short idea From combo pattern level
Using multiple timeframe analysis to get killer RR, combining low tf patterns at high tf trigger levels. I am not bearish on $BTC, and Tp 3 of the pattern I shared off the lows is 25k$ plus.
However I play patterns and I do not assume anything. This is exactly how we get risk to reward that is hard to beat imo. This is at 786 trigger level of a daily Butterfly X Cypher combo pattern=
We now zoom into that level to find a low tf, small stop loss, pattern to capture the high tf targets (382 and 618 of daily tf) (tf=timeframe)
Like I mentioned I am not bearish on $BTC but they can use this to shake weak hands and late buyers loose. Any pin bar, inside bar, engulfing bar from these levels is worth the RR in my opinion to try a short. This is low risk but high failure (warning)
High tf bearish pattern is valid until 25.25k$ is breached (tp 3 of butterfly I shared) I will update this if I find another pattern should this fail.
Thanks for looking and please share your $BTC analysis in comments:)
However I play patterns and I do not assume anything. This is exactly how we get risk to reward that is hard to beat imo. This is at 786 trigger level of a daily Butterfly X Cypher combo pattern=
We now zoom into that level to find a low tf, small stop loss, pattern to capture the high tf targets (382 and 618 of daily tf) (tf=timeframe)
Like I mentioned I am not bearish on $BTC but they can use this to shake weak hands and late buyers loose. Any pin bar, inside bar, engulfing bar from these levels is worth the RR in my opinion to try a short. This is low risk but high failure (warning)
High tf bearish pattern is valid until 25.25k$ is breached (tp 3 of butterfly I shared) I will update this if I find another pattern should this fail.
Thanks for looking and please share your $BTC analysis in comments:)
Comment:
$BTC cypher, or butterfly pattern from combo
Comment:
786 level sold off, could not break the neckline
Comment:
short 23,160$, I will not give this much room, it goes red at all I will most likely cut it. Got a sh.. fill on Paxos/IBKR market order.
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trimmed 22820$. Tp 1 , stop will be via market at entry or just below, I will update asap.
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tp's are the same on every pattern I trade, 0 guessing, always optional to move stop at tp 1 to entry and go for more. I will post a video explanation
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What my members see pre market, sneak peak video into my methods, please see all charts in comments to understand how accurate the patterns were. Imagine getting these premarket, short to long... This explains how i trade everyday the market is open, every time frame. I wish i could share with more folks. If peopel only knew what was possible :) It was also before 5 am (PST) so I was pretty tired when i made this, made a few mistakes drawing or selecting tools, I was half asleep.
Comment:
very close to my stop here at entry 23,160 $