Get started
JonatanRLZ

Short Bitcoin on a bearish retest.

Short
Bitcoin (BITMEX:XBTUSD.P)  
JonatanRLZ Updated   
BITMEX:XBTUSD.P   Bitcoin
Support and Resistance Bitcoin (Cryptocurrency) BTCUSD XBTUSD xbt xbtusdshort short shortsetup Cryptocurrency crypto
7
0
supportandresistance bitcoin btcusd xbtusd xbt xbtusdshort short shortsetup cryptocurrency crypto
Pretty simple idea here.

If price can manage to open and close a 4H candle below the green box (support) im ready to put in orders to short a retest.

A close below the diagonal trendline would be most ideal.

Targeting support below.
Comment:
This played out pretty well..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.