Bitcoin / TetherUS

Short

[BTC] 4H Down Trend

By MichaelWang66

Updated

Start scale in short position, since 4H 12/26EMA tells me BTC is on a down trend.

Idea entry: 7300 (1D 26EMA)
Stop loss: 7450
Target: 7090, then retest upper 6K.

Note

Moving down stop loss from 7450 to 7300.

Note

Took profit, prepare to reload short position when bounce back to moving averages.

Trade closed: target reached

4H 12EMA turned up, close this trade.

Note

Review: again, glade I took profit around 6950, by using RSI and long term trend line.

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