BTCUSD - Short Setup from a 5 HR Bar With the 5HR (High Reversal) Bar this might be a good shorting opp - given it's counter trend right now the risk is set low until more conformations.
The short setup is based on a simple strategy, so this might not work out but it will be a good "hedge" for me personally based on the daily TF as first warning sign since a long long time on BTC.
Weekly also a "freecandle" so higher odds on this one. -> refers to something if a candle is opening outside of the bband and has a high chance of reversal back to the mean if the following candle closes inside the band again (clearly the closing inside part is missing and this could continue being outside due to a strong trend).
Also sunday 22:00 UTC wallstreet futures for BTC start to trade. DUMP IT ON THESE FUCKERS! - IB allows them only to go long with 50% Initial Margin.
Let's see how it will play out.
