TEH TREND IZ UR FREN

STRONG REJECTION AT CRITICAL BULLISH LEVEL
+
BEAR FLAG FORMING AT 4HR TIME FRAME
=
LOOKING FOR SHORT SETUPS
KEEPING IT SIMPLE. WML
___________________________________________________
Specifics:

Entering SHORT at break of 7700 support:

TARGET 1 - 7299
TARGET 2 - 6750
TARGET 3 - 6200

Stop loss - 8120

Criteria:
- Inverse AOTS
- Bear Flag pattern

Entry Criteria:
- Breakout and close past 7700
- High volume upon breakout

Comment:

Target 1 and Target 2 hit. Closed 50% of position.

XBTUSD broke out of a 15 min falling wedge. Looking for another short position around 7250 - 7600

Comment:

Correction:

Looking for short @ 7130 - 7250. Reasons:
- Between 0.618 & 0.5 Fib retrace
- 7250 Resistance
- 20MA Resistance

Comment:

Closed remaining 50% of my position at 8850 as I went to bed.

Trying to protect my profit (I had a hunch that price may go back up to 7500).