XBTUSD Macro short setup and analysis
Chart pretty much says it all, we decreased volume near HTF (High time frame) resistance meaning buyer exhaustion in this case. We formed both
a MTF (medium time frame) ascending triangle and a class c (weak but still there) regular bearish divergence. If anything you should at least hedge your crypto exposure (full: 100%) but in my case I went net short with a stop right above 10,5. I'm doing weighted exits starting from high 8's all the way down to high 7's.
Happy trading!
cept0r
a MTF (medium time frame) ascending triangle and a class c (weak but still there) regular bearish divergence. If anything you should at least hedge your crypto exposure (full: 100%) but in my case I went net short with a stop right above 10,5. I'm doing weighted exits starting from high 8's all the way down to high 7's.
Happy trading!
cept0r
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