BTCUSD - great short opp if we break this channel down

24 mag 2020

BTC is forming a bearflag for one more leg down. Great entry under this channel with great RR. Could dip into the monday. This dips from now on are for buying, shorts are for hedging. Indicator is yellow which means reversal but it also means be carefull or reload. I am leaning bearish.

24 mag 2020

Nota

This is a bit more proper view

24 mag 2020

Nota

So the plan is, short if we break the channel down. Prior to that we can push to 9450 9500 (top of the channel) in case we do that I will short there with a very tight stop and the add on confirmation of breakdown and potential retest of that break.

24 mag 2020

Nota

Stop set go

24 mag 2020

Nota

Perspective that down is waaaay down... careful

24 mag 2020

Nota

Breakdown retest?

24 mag 2020

Nota

25 mag 2020

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TP1 hit

26 mag 2020

Nota

Separate high risk new entry

26 mag 2020

Nota

Perfect

26 mag 2020

Nota

Stop at break even, because it smells like a bear trap. Next 2 hours are crucial IMO for either direction. Break 8800 and we go down, reverse swiftly above 9k and we go to at least 9200-9300

27 mag 2020

Nota

I exited last trade with ⅔ sold at 8766, rest at entry so win but not as much as I would like, smelled a bear trap and that is what happened. Taking another stab at original trade for another go

27 mag 2020

Nota

Keeping this in mind

27 mag 2020

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If you see this as a flag, this is the trade

31 mag 2020

Nota

This series was great while it lasted. Broke to the upside, I am still expecting a big drop. Closing this series