GREAT R:R 1:6 BTC H&S 1H timeframe....on the way to 5k/4.4k

We have a H&S on 1h timeframe , and we are about to complete right shoulder.
Fib 0.618 is @ 6452
Left shoulder was @ 6463

We have also the top of the descending triangle @ same level with LS

I will initiate a short position:
10x
Sell 6440
TP.1 5020
TP.2. 4400
SL: 6580

Great Risk: Reward ......We can lose only 22% ...or we can win 128% - 146%

Cheers!

Dagangan aktif

Trade active...I expect a retest of 89MA and a liquidation of shorts @ 6450/6500 area

Dagangan aktif

I personally I have a pending order

BITMEX
SHORT @ 6450
18x
TP.1 5000
TP.2 4450
SL. 6620

If this play out : 1. I can lose 47.5 % or
2. I can win 520% - 800 %
Risk / Reward 1:10
Let's see!

PS. If this is a complete winning trade then we have a big buy @ 4400 (Fib. 0786)

Dagangan aktif

let's see breakout of triangle 10 min chart ...I expect up until 6450-6500

Dagangan aktif

Trade active...waiting for fill up my order

I expect we will stop @ 6500 area ...SL hunting

Dagangan ditutup: hentian tercapai

looky83

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.

looky83