Bitcoin
Short

BTCUSD Short Strategy / 4hr timeframe

143
Type: Short

Entry : 11744.9

Stop loss : 12023.88

Target : 10380

R-R : 4.89

Explanation : BTCUSD was consolidated forming a triangle shape and broke down. Retracement about 70% of that downtrend is a great R:R place to take short trade . stop loss is above yesterday's highest price.
+) the current situation of crypto-market is Alts are showing pretty much bounce up and BTC seems more weakness. I feel the number of BTC buyer are getting less and less and it is time to take short btc.


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