Not bullish on BTC (yet..?) - Still on a daily short setup
The alt coin markets have been moving nicely, but BTC still is stuck on its short setup. This can of course change, but at the moment we’re still looking short. We’ll have to wait and see what tomorrow candle brings us, we might get triggered short if the breakout level is broken, or the short setup may be invalidated.
4HR
The 4HR triggered long at (1), reinforced position at (2) and got stopped out at (3) with a tiny 1.7% profit. Trading the 4HR chart you should not be in a trade, and either wait for the daily short to trigger, or take the 4HR long breakout (4).
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4HR
The 4HR triggered long at (1), reinforced position at (2) and got stopped out at (3) with a tiny 1.7% profit. Trading the 4HR chart you should not be in a trade, and either wait for the daily short to trigger, or take the 4HR long breakout (4).
If you want to try the indicator out, follow us and drop a comment and we’ll get you set up.
Like and subscribe if you enjoy our work!
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