Confluence of resistance on BTC approved by a bearish bat on

stochastic indicator

Hi pros!

confluence is a method used for having an edge on the market (advantage over others traders) based on high probability winning rate

in this case we used 2 types of resistance:
-multiple trendline
-structure resistance

that provide us the best point entry possible for a trend continuation setup


short from here enjoying the opportunity of that point entry being the optimal

aim for 5000 then 3400 then 2000 or less

Commento:

wait for confirmation in smaller TF before entering

Commento:

that type of confirmation

Commento:

this is one of the method I love the most(particularly when it's based on resistance) because I got awesome performance using it over GBPUSD. last time I used it was here

and look what happened next:

Commento:

IMMEDIATLY

Commento:

Don't miss the short from here :)

price is below both emas + I draw an horizontal line where there is a gap down acting as a resistance

with SL above emas, it's good