Shorting opportunity for BTC
There is a completion of the Bat pattern on the hourly.
Reason for entry:
Bat pattern completion
Double top at the D completion of the bat pattern
Bearish divergence on the RSI
Entry: $4191
SL: $4261
TP1: 38.6 fib of leg A to D
TP2: 61.8 fib of leg A to D
Reason for entry:
Bat pattern completion
Double top at the D completion of the bat pattern
Bearish divergence on the RSI
Entry: $4191
SL: $4261
TP1: 38.6 fib of leg A to D
TP2: 61.8 fib of leg A to D
Note
Another reason for entry is the 2618 with the red arrows indicating the previous double top
Note
Target 1 reached. Moving SL to breakeven so that this is a no risk trade. Taking 50% off the table and waiting for target 2.
Note
Trade closed: stop reached
Got pretty close to TP2 but got stopped out.
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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.