BitcoinShort
Playing a quick drop for BTC
Updated
Already in a hedge since 6677 would add more if price trade above 6460.
Resistance zone at 6371 so far is acting as a strong resistance.
Possible short squeeze to clear short sellers.
5 wave Elliot Count
Shall add to shorts once it goes to 6460 which lead to a rising wedge drop.
Trade Setup
Type: Short
Entry: 6460
Stop Loss: 6586
Take Profit: 6200
Risk Reward: 2.2
Resistance zone at 6371 so far is acting as a strong resistance.
Possible short squeeze to clear short sellers.
5 wave Elliot Count
Shall add to shorts once it goes to 6460 which lead to a rising wedge drop.
Trade Setup
Type: Short
Entry: 6460
Stop Loss: 6586
Take Profit: 6200
Risk Reward: 2.2
Trade closed: stop reached
Stopped outBroke above the 200 EMA shall wait for next setup.
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