Bitcoin
Short
Updated

BTC 1-hour .. Short Trade Active

153
Thought I'd post something. I have been doing a lot close door trading. Here's an inside peek.

Maybe the trade works?
Confidence shorting
#1 .. In a downtrend
#2 .. Momentum is still bearish
#3 .. Following Elliot Wave Leg #5
#4 .. Clear goals that are possible

Concerns
#1 .. Must Drop past recent LL
#2 .. Has all the right and power to Reverse
#3 .. Powell is speaking soon (this is nervousness)

I also wanted to see if "the feature of the Order" will show up in the Published Chart. What I mean is My Chart is showing the Trade.. and if I publish it.. will it show also?

Note
Looks like the order book did not show in the chart.
Trade active
Well Leg #5 is taking a few days to finish out. I can't tell you all enough times how many times I was like "wtf - this is not going my way". .. "should I exit this trade?"

There are more things indicating upwards vs downwards. The momentum is still strong -> moderately down trending, which is why PA struggles to push upwards into another Bull Run. The Trend seems to be preparing for the upside by this month's end.

snapshot
Trade closed: stop reached
Yeah that's one of these situations with Bitcoin, Price Action spiking about.

We all can have solid trading plans active and something like this BS stop loss hunting goes down and before we know it, it's over.

Frustrating and I am frustrated, with that, I will proceed forward with looking for another quality trade set-up.
Market is just that way sometimes.

snapshot

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