BTCUSD - great short opp if we break this channel down

24 maj 2020

BTC is forming a bearflag for one more leg down. Great entry under this channel with great RR. Could dip into the monday. This dips from now on are for buying, shorts are for hedging. Indicator is yellow which means reversal but it also means be carefull or reload. I am leaning bearish.

24 maj 2020

Uwaga

This is a bit more proper view

24 maj 2020

Uwaga

So the plan is, short if we break the channel down. Prior to that we can push to 9450 9500 (top of the channel) in case we do that I will short there with a very tight stop and the add on confirmation of breakdown and potential retest of that break.

24 maj 2020

Uwaga

Stop set go

24 maj 2020

Uwaga

Perspective that down is waaaay down... careful

24 maj 2020

Uwaga

Breakdown retest?

24 maj 2020

Uwaga

25 maj 2020

Uwaga

TP1 hit

26 maj 2020

Uwaga

Separate high risk new entry

26 maj 2020

Uwaga

Perfect

26 maj 2020

Uwaga

Stop at break even, because it smells like a bear trap. Next 2 hours are crucial IMO for either direction. Break 8800 and we go down, reverse swiftly above 9k and we go to at least 9200-9300

27 maj 2020

Uwaga

I exited last trade with ⅔ sold at 8766, rest at entry so win but not as much as I would like, smelled a bear trap and that is what happened. Taking another stab at original trade for another go

27 maj 2020

Uwaga

Keeping this in mind

27 maj 2020

Uwaga

If you see this as a flag, this is the trade

31 maj 2020

Uwaga

This series was great while it lasted. Broke to the upside, I am still expecting a big drop. Closing this series