Bitcoin
Short

Bitcoin - 5th Wave

Updated
Trade 1:
Side: Short
Entry: 9130.0
Strop Loss: 10008.0
Target: 4403.0
RR(BTC): 12.00
RR(USD): 5.38

Trade 2:
Side: Long
Entry: 4403.0
Strop Loss: 3119.0
Target: 10000.0
RR(BTC): 1.35
RR(USD): 4.36
Note
snapshot
Note
snapshot
Trade active
snapshot

Side: Short
Entry: 9306.0
Strop Loss: 9501.0
Target: 8856.0
RR(BTC): 2.25
RR(USD): 2.31
Note
Stop Loss moved to 9601 to allow for liquidity hunt through 9500
Entry:9306.0
Strop Loss:9601.0
Target:8856.0
RR(BTC):1.53
RR(USD):1.53
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
Stop loss hit, appears to be manipulation.
Short Open:
Side: Short
Entry: 9556.0
Strop Loss: 9601.0
Target: 9014.0
RR(BTC): 9.49
RR(USD): 12.04
snapshot
Note
Long Order Placed:
Side: Long
Entry: 8756.0
Strop Loss: 8668.0
Target: 8989.0
RR(BTC): 2.10
RR(USD): 2.65
Note
Correction to previous comment:
Side: Long
Entry: 8671.0
Strop Loss: 8547.0
Target: 8947.0
RR(BTC): 1.83
RR(USD): 2.23
Note
90 minute ADX = 10 for the first time in 2 months.
Indicates that the trend is flat-lining.
New trend is likely to establish soon.

snapshot
Note
Long Order cancelled - It would have been trading against the daily trend.
Current short target lowered - patience with good trades, impatience with bad.
Short Position (Open):
Side: Short
Entry: 9556.0
Strop Loss: 9601.0
Target: 8121.0
RR(BTC): 28.36
RR(USD): 31.89
snapshot
Note
Stop Loss hit, 1R loss
Economic CyclesFibonacciSupply and Demand

Disclaimer