Shorting opportunity for BTC
Updated
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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