Trade Pair: BTC.USD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Short ( Breakout Required )
BTC.USD updates will be available in the comments section below.
Additional Information: Although i expect a bullish run to occur in the coming week's testing $11,600 i will take advantage of a quick short opportunity should it occur on the intraday TF's.
As many will know being one step ahead of the market is the key, the above analysis presents a short opportunity should price break support, should this support not be broken then the analysis should be neglected.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
I completely agree. Triple rejection of 9000 level. Short term short sounds nice
UnknownUnicorn180388
⋅
@PattyMcPat, If an intraday breakout occurs we will be eyeing a short opportunity :-)
Have a great week mate.
kardia
⋅
@PattyMcPat, Does it? Have you so easily forgotten the squeeze that took many shorts out recently? It's very bad advice to short under these conditions. You will lose money.
Zebre_Trader
⋅
@rev214us, I don't short with my main position. I have a short position that I play around with. Plus it's a very minor one that I'm doing towards at least the ema line
kardia
⋅
@PattyMcPat, Well, if you are in the mood to lose money, why not give it to the poor?
Zebre_Trader
⋅
@rev214us, Because neither you or I knows what's going to happen. I base my decisions of risk to reward ratios, and probabilities of events. I also am aware that new futures contract will begin on the 27th, there's still a possibility of a reversal. If it doesn't happen, it's great, my main position is holding and my losses will be little. If it happens, I can snatch extra btc and ride that bull run that will come soon.
Krypto-Talak
⋅
you must be crazy for short btc in a bull run :)
kardia
⋅
@talak, They aren't crazy. They are just in denial. But they will learn.
Krypto-Talak
⋅
like i said 11 hours ago crazy to short in bull market , people who followed this idea take a short at 8900 and now btc 9600/9700 :(