BitcoinShort
Shorting BTC between 9.5-9.7K / SL@ 10.8K / RRR 3.72 /
#PAPERTRADE
CONFLUENCE:
- Regardless if it's a expanded W(B) for imcomplete ABC, or a W(5) for impulsive 5 waves or a W(Y) for a longer WXY complex structure, we're going up my guess around 9.5 - 9.7K. Let's see how high and how deep the pullback is
- 10K sounds like good FOMO number for the W(5) if we go to the extreme
- Also within the range of a W(Y) (9,700)
- RSI recharged in bullish zone at 4H TF (above 50)
- OBV high in 1H and 4H
- Too much confluence in terms of measurement within 9.5 - 9.7K
ENTRY:
- Laddered entry between 9.5 -10K
- 33% @ 9,630
- 33% @ 9,700
- 33% @ 9,820
STOP LOSS:
Around 10.8K
- which is above 1.618 ext for 0,W,X,
- above 0.618 ext for W(5) - impulsive count
EXIT:
- 33% at 50% ret (7,090) good SR level
- 33% at 61.8% fib ret (6,340)
- 33% at 78.6% fib ret (5,242)
POSITION SIZE: 100/0.12 = $833
RRR: 3.72
CONFLUENCE:
- Regardless if it's a expanded W(B) for imcomplete ABC, or a W(5) for impulsive 5 waves or a W(Y) for a longer WXY complex structure, we're going up my guess around 9.5 - 9.7K. Let's see how high and how deep the pullback is
- 10K sounds like good FOMO number for the W(5) if we go to the extreme
- Also within the range of a W(Y) (9,700)
- RSI recharged in bullish zone at 4H TF (above 50)
- OBV high in 1H and 4H
- Too much confluence in terms of measurement within 9.5 - 9.7K
ENTRY:
- Laddered entry between 9.5 -10K
- 33% @ 9,630
- 33% @ 9,700
- 33% @ 9,820
STOP LOSS:
Around 10.8K
- which is above 1.618 ext for 0,W,X,
- above 0.618 ext for W(5) - impulsive count
EXIT:
- 33% at 50% ret (7,090) good SR level
- 33% at 61.8% fib ret (6,340)
- 33% at 78.6% fib ret (5,242)
POSITION SIZE: 100/0.12 = $833
RRR: 3.72
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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.
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.