Short Setting up on Bitcoin For an accumulated 9R trade
I’m looking to enter 3 short position on Bitcoin if we can get a test of the mean threshold above. Bitcoin can be volatile in that it might take out the bayside liquidity if it gets up there but I’m hoping see a clean rejection at the MT and ultimately a move down to the lower Mean threshold.
Take profit 1 is at the first order block.
Take profit 2 is at a POI with has 4 confluences.
Take profit 3 is the stretch to hit the mean threshold and seek sell side liquidity.
Happy Trading!
The Meditrader
Take profit 1 is at the first order block.
Take profit 2 is at a POI with has 4 confluences.
Take profit 3 is the stretch to hit the mean threshold and seek sell side liquidity.
Happy Trading!
The Meditrader
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.