BTC Short Trade Setup - Head and Shoulders Pattern!
This is my short trade setup that I have just taken.
If you missed the trade, wait for a retrace to get in.
Head and Shoulders pattern on the 30m chart with TPO and CVD confirming the trade. CVD looks to be leading price bearish and we have had a failed auction on the TPO chart
Open interest also indicating this is a high probability trade.
All the details in the video
Not Financial Advice. DYOR. Papertrade before trading with real money.
If you liked this idea, please give it a thumbs up and follow. Comment on how you are trading BTC right now.
Safe trading!
Shawn
Nota
Looks like a bullish pennant has formed on BTC. Could mean a breakout is on its way. Use good risk management here - Tight stops or stops at entry if you've taken the short.Nota
Placed stop at entry - got stopped out and flipped long as it looks like we have a breakout of the range on its wayNota
Re-entered Short on the retest of the Value area high of the range. Still in the trade, but 50% of the trade with stops in profit. 50% at entry as we might still see lower prices.If the market dumps further this could turn into a long term swing trade
Nota
$19913 Target hit as indicated in the video at 7am UTC+2Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.