Bitcoin Short at Resistance to Mean Reversion or Breakdown

overextended every timeframe, bearish momentum and volume div, sentiment has become euphoric, here we go!

Zlecenie aktywne:

price wicked just past the $9700 resistance level and did not quite touch the $9800 R2. all shorts should have been filled. initial targets at $9060, $9240, $9270 (hit), and $9300 (hit). if $9060 is significantly violated, I'll be looking to $8260.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Success - all targets hit!, and price was only above short entries for a matter of minutes, never more than a percent higher!

Very clean, though not perfectly clean like I expected - was surprised to see violation of the $9700 fib level.

Check out my latest idea for how to play this daily pullback (or beginning of another leg down on the weekly).