Bitcoin Counter-cyclical Breakout Trade | Good for 25-50%?
Let's watch for a breakout at $11,761.70 and short the market. We should wait for a close below the BO level, as the trend is unclear in the 4HR (judging by the EMA200) and the daily is bullish so we would be trading against the bigger trend (above the EMA200).
Remember the 1-2-3 strategy we use, and keep your stops below the impulse waves on the 1HR or larger TFs.
*BTCUSD tends to impact Altcoin/USD prices, so watch for selloffs in your other trades if this scenario plays out.
Remember the 1-2-3 strategy we use, and keep your stops below the impulse waves on the 1HR or larger TFs.
*BTCUSD tends to impact Altcoin/USD prices, so watch for selloffs in your other trades if this scenario plays out.
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Watch for close above our invalidation level. This will invalidate our short plan, and we will want to go long ;)
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Watch for breakdown here
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Sorry for got update this! Targets are still valid, although I think they will be a little lower.
Remember we are watching for the EMA200 on the daily to turn things around.
Đóng lệnh: đạt mục tiêu:
MIN TP HIT! I closed all short positions at 6K, Enough I think.
We are trading below the ema200 on the daily.... not good for the bulls. But we are at the bottom of the range here on the log. Let's position to get long now ;)
