BitcoinShort
Retracement day trade play for Bitcoin
Updated
BTCUSDType: Short
Entry: Break below 8388
Stop: 8542
Take Profit: 8086
Rationale
- Bear divergence on hourly
- Double top on fib retracement (golden pocket)
Looking for a quick trade to get a retracement to the trend line break
Note
Do note that counter trend trades are always riskier as you are going against the trend. It is important to acknowledge that and be aware of it when trading and be decisive when the trade go against you.Trade closed: target reached
Profit 3.58% boom! Been away for holiday and trade closed out with profits
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