Short

BTCUSD

By zeropercent

Updated

BTCUSD Short Trade Setup

Trade active

Opened a small short position and will add more shorts if price climbed to the mentioned levels above

Note

Bears are fighting the formation of double bottom . a break above 14200 would expose 14454 the 0.236 fib level . could add a short from there if price breaks otherwise bear will take over control and negate the double bottom formation

Note

Bears are taking over so far until now and slowly turning that in completed double bottoms into double tops . break below 12900 would open floor for bigger lower movement ..let's wait and see

Note

Down trend resumed .. next support will be around 12500

Note

Price is falling as expected . first soft target (25 % of position ) @ 12500 and will add more shorts if it bounced otherwise will continue monitoring the remaining positions

Note

First target reached @ 12500 ... closed 25% in profit .. looking for further downward move

Trade closed: target reached

Closing the remaining 75% @ 10000 $

zeropercent

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