Type: Short
Entry : 11744.9
Stop loss : 12023.88
Target : 10380
R-R : 4.89
Explanation : BTCUSD was consolidated forming a triangle shape and broke down. Retracement about 70% of that downtrend is a great R:R place to take short trade . stop loss is above yesterday's highest price.
+) the current situation of crypto-market is Alts are showing pretty much bounce up and BTC seems more weakness. I feel the number of BTC buyer are getting less and less and it is time to take short btc.
Entry : 11744.9
Stop loss : 12023.88
Target : 10380
R-R : 4.89
Explanation : BTCUSD was consolidated forming a triangle shape and broke down. Retracement about 70% of that downtrend is a great R:R place to take short trade . stop loss is above yesterday's highest price.
+) the current situation of crypto-market is Alts are showing pretty much bounce up and BTC seems more weakness. I feel the number of BTC buyer are getting less and less and it is time to take short btc.