BTCUSD 1hr chart SHORT set up
Updated
I hope you've seen my 4hr chart on BTC and understand why I'm overall bearish on it. Here is a great short set up where we broke out of a positive channel. Now the old support line acts as resistance. We went up to touch it and bounced off of it hard.
Short set up entry is 8400.
Lock in profits at 7000.
Good luck and happy trading!
Short set up entry is 8400.
Lock in profits at 7000.
Good luck and happy trading!
Trade closed: stop reached
Looks like bullish momentum broke the cloud and were back in the channel. Trade closed for now. May try to short this again when it reaches 9.2k range.
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