I took 2 shorts on Bitcoin recently using supports/resistances at the local max (~$61,800) and psychological price levels that caused a bounce in the chart on the 4hr timeframe ($60k, $58k, $57k, & 
54K)
A failed bounce at the $60,000 support caused me to enter the first short at ~$59,500. The first bounce at support occurred at ~54K which led me to close this short at ~$54,200. This trade netted a 98% gain with 10x leverage .
I missed an opportunity for a long at the next bounce off $54k. I also missed a chance to enter a short with a failed break of resistance at $60k. However, after a rejection at $58k I entered another short with an average price of ~$57,800. I intended to watch the price action at the54K support that 
BTC bounced at in my previous trade. It bounced there again so I closed the trade at ~$54,200 for a 66% profit with 10x leverage.
Check out my other ideas forBTC trades and analysis $$$
54K)A failed bounce at the $60,000 support caused me to enter the first short at ~$59,500. The first bounce at support occurred at ~
54K which led me to close this short at ~$54,200. This trade netted a 98% gain with 10x leverage . I missed an opportunity for a long at the next bounce off $54k. I also missed a chance to enter a short with a failed break of resistance at $60k. However, after a rejection at $58k I entered another short with an average price of ~$57,800. I intended to watch the price action at the
54K support that BTC bounced at in my previous trade. It bounced there again so I closed the trade at ~$54,200 for a 66% profit with 10x leverage. Check out my other ideas for
BTC trades and analysis $$$ 
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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.