Short Setting up on Bitcoin For an accumulated 9R tradeI’m looking to enter 3 short position on Bitcoin if we can get a test of the mean threshold above. Bitcoin can be volatile in that it might take out the bayside liquidity if it gets up there but I’m hoping see a clean rejection at the MT and ultimately a move down to the lower Mean threshold.
Take profit 1 is at the first order block.
Take profit 2 is at a POI with has 4 confluences.
Take profit 3 is the stretch to hit the mean threshold and seek sell side liquidity.
Happy Trading!
The Meditrader
