BTC shows a clear break point and prepare to open short position
Hi there.
I guess whales did read my chart and really did bring more tanks to hold 8550.
But so far i see at least 2 groups of air force stand by red global resistance.
Suggestion: short
reasons:
1. BTC break down from blue local uptrend
2. BTC tried 3rd time to the white bigger downtrend.
3. BTC reverse head shoulder form failed and may print out a normal head shoulder form.
I will open short position around purple rectangles with really tight stop loss.
Stop loss: 9020
1st target: 8360
Risk/Reward ratio is over 5
Please comment and share.
Thank you for your time.
Alex Wang
I guess whales did read my chart and really did bring more tanks to hold 8550.
But so far i see at least 2 groups of air force stand by red global resistance.
Suggestion: short
reasons:
1. BTC break down from blue local uptrend
2. BTC tried 3rd time to the white bigger downtrend.
3. BTC reverse head shoulder form failed and may print out a normal head shoulder form.
I will open short position around purple rectangles with really tight stop loss.
Stop loss: 9020
1st target: 8360
Risk/Reward ratio is over 5
Please comment and share.
Thank you for your time.
Alex Wang
Trade active:
Enter at 8940 with tight stop loss.Good luck :)
Comment:
Hit my stop loss, i re-enter with stop loss 9030.
Trade closed: stop reached:
hit again don't reach I will do another chart :(