TradewithLu

#BTCUSD Short Term Trade Opportunity (Sell)

Short
BITFINEX:BTCUSD   Bitcoin
Action: Set limit sell orders between $11,034.7 and $10,772.1
Stop Loss: $11191.1
Take Profit: $10505.2
Order valid: 24 hours from publication

Wave 3 was nearly 3.618 x wave 1 added onto the end of wave 2. Due to this, the range for shorting is large and the stop loss is high. In real time, if the price does go into this range, a better way to enter would be to wait for bearish divergence and use this as your signal to enter a short.


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