Bull trap/double top? - Worth trying

Potential bear divergence in rsi yet to be confirmed, perfect touch of trendline, 78.6% retracement of downtrend, easy stops, huge r/r trade... is worth trying imo.
I'm laddering the stops just in case a stop hunt/liquidation hunt happens.
Entry 1690
Stop loss 1723 & 1753 (50/50)
Targets 1600 (66.6%) and 1560 (33.3%)

Big risk of failure, don't go too big in this trade.

Note

If it breaks old line and even more if it breaks ath would be a great opotunity to go long on any retest.

Note

Changed a bit my take profits

Note

Some lines that could stop the spot price here:
BTCUSD in Coinbase

BTCCNY in OkCoin

BTCCNY in Huobi

BTCUSD in BTCe

BTCUSD in Bitstamp

I still think it is worth trying, though the more time we spend here without pulling back down, the more improbable it is the pull back will happen.

Trade closed: stop reached

I failed.
There was a massive liquidation of a +60k contracts position and cleared my stops and then china started pushing for a new ATH taking quarterlies over 1800.

bagofXMR

Also on:

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.

bagofXMR

Also on: