BitcoinShort
BTCUSD - Hedge Fib Short Setup
Updated
Premise:
1. A bearish divergence will be observed on the daily chart near 7037.
2. This retracement upward will occur within two weeks.
3. Volume will decline
Execution:
1. 1:2:3:4 short scale between 7037 and 7144.
2. Stop Loss Cluster at 7428.
3. Target 1 : 6550
4. Target 2 : 6287
Result:
1. A 2.09:1 Trade will complete
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Unfortunately, after 23 consecutive trades, I was stopped out of a position in a two dollar loss yesterday. My win streak of 23 finally ends - it was my longest single run and I will strive for better, risk managed trades.
1. A bearish divergence will be observed on the daily chart near 7037.
2. This retracement upward will occur within two weeks.
3. Volume will decline
Execution:
1. 1:2:3:4 short scale between 7037 and 7144.
2. Stop Loss Cluster at 7428.
3. Target 1 : 6550
4. Target 2 : 6287
Result:
1. A 2.09:1 Trade will complete
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Unfortunately, after 23 consecutive trades, I was stopped out of a position in a two dollar loss yesterday. My win streak of 23 finally ends - it was my longest single run and I will strive for better, risk managed trades.
Note
No beardiv yet. Paying close attention here.
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