Bitcoin
Short

BTC broke this triangle

Updated
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₿itcoin broke out of this triangle down but didn't hit the target yet. I'm not chasing, just waiting for pullback to the previous range (pink) & triangle lower edge area around 20150 as shown by the blue projection. Setting SELL LIMIT order. Will cancel it if price reaches the target first before filling the order.
  • ENTRY: previous local range & triangle lower edge @ 20150
  • STOPLOSS: local high @ 20350
  • TARGET: height of the triangle projected from midpoint of the local range (pink) @ 19560
  • REWARD RISK RATIO (RRR): ~3
  • INVALIDATION: when STOPLOSS level hit


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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active
Order filled ✔️
Trade closed: stop reached
Stoploss hit 🛑
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