BTC Bear Breakdown

3 apr 2018

Bull Trap

6400 to 7500

Potential rise to 8100 within macro downtrend channel


Break out of trend at 8100

6 apr 2018

Trade attivo

Breakdown has occurred short profitable.

Scenario a)

If 6500 region holds a potential right shoulder may form seeing a rise to 7100 and further significant downside.

Stop moved on short to 7250 - (Right shoulders traditionally smaller size.)

Scenario 2: 6500 breaks and trade closes at 6100 15% return
(reversal zone undefined)