Bitcoin CASH shorting before we go up again!

We did hit our 660 usd target from our earlier post.

Now it's time for the retracement. Target would be at the first green line or at the 550 usd.

Komentarz:

We open the trade when we get below 538 usd. We set our stop-loss 670 usd.

Some people may think if it breaks above the triangle pattern it would be a buy opportunity right? No, in my opinion not, atm we're in a highly overbought market. I want to see at least an RSI of 55 or lower on the 3h chart, before I consider to buy back in again.

I won't say it can't go up more, but in my opinion the risks are to big. We're a trader not a gambler.

Zlecenie aktywne:

Our trade was active! We already did fall back to the 560 usd, so our target of 550 wasn't reachedyet. Because we already had a retracement back to 600 usd. We moved our stop-loss to 620. So we secure some profit. And we can just relax and see if we hit our target.

Transakcja zamknięta: osiągnięto wyznaczony cel:

We hitted our Green target line!