Short btcusd
Training Short BTCUSD 6600
i see that the price is following the pitchfork as a downtrend
price is block by the blue MA
the compression between MA and bollinger gonna finish by a strong mvt, and for me it gonna follow the actual trend
First target is open for me. Will update after that
Be careful at the 0.23 fibo lvl
i see that the price is following the pitchfork as a downtrend
price is block by the blue MA
the compression between MA and bollinger gonna finish by a strong mvt, and for me it gonna follow the actual trend
First target is open for me. Will update after that
Be careful at the 0.23 fibo lvl
Trade active
MA break (purple one, dont have periods in mind)Next target was the following MA (grey one) => bounce on this MA
We need this MA to break after that, it should be a good downtrend
/!\ 4H graph show us that ichimoku cloud has been break in the last candle (thats good for us, but the cloud is not heavy) ! But the bollinger bands is actually doing a fake breakout, so depending on how the candle is going to close it could be a reversal signal
Trade closed manually
Pattern fails ;Opportunity to close the order with some gains ;
Order : Short
Open : 6608
Close : 6300
Return : +4.66% (without fees)
This red candle might be correlated to stock market perf (look at S&P500 and others...) or just a simple move after touching the downtrend (black one on the chart) or the ichimoku clound // In case it s just because of stock market correlation, we could see a strong bounce -> then i prefer to close this order + ; and wait for another signal
Thanks
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