BTC Short trade *Update* WE GO DOWN: Fire when ready !
Bearish Gartley pattern from before has become invalid due to extended bounce rather than strong bounce.
We will revisit lower areas of support until we see a bounce and open another short trade.
The indicators on the 1hr are already over heated and the indicators on the 4h chart, as shown, have a little bit left before they overheat. The bears will step in and pump the price just a little bit longer and then proceed to dump.
These quick trade are easy, effective, and properly executed bearish tactics.
Stick to the plan, trade the trend, don't get greedy an do not become bias with bullish or bearish sentiment. For now its a SHORT!!
We will revisit lower areas of support until we see a bounce and open another short trade.
The indicators on the 1hr are already over heated and the indicators on the 4h chart, as shown, have a little bit left before they overheat. The bears will step in and pump the price just a little bit longer and then proceed to dump.
These quick trade are easy, effective, and properly executed bearish tactics.
Stick to the plan, trade the trend, don't get greedy an do not become bias with bullish or bearish sentiment. For now its a SHORT!!
Trade closed: target reached
Take profit. Playing it safe.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.