Bitcoin
Short

High R/R Short Setup

Zaktualizowano
Since the completed TD Buy Setup there have been three completed TD Sell Setups with failure to close above TDST Resistance at approximately $9,000. After the most recent TD Sell Setup PA has consolidated just below the resistance, but with significantly waning volume.

With appropriate risk management based around the TDST Resistance Line, this is a high risk to reward ratio short setup with a target of the TDST Support Line at approximately $7,000.

This setup is invalidated if there is a high volume intraday breakout above the TDST Resistance Line, or a daily candle closure confirming a break above the resistance.

Note- Heikin Ashi candles are employed in this analysis

(not financial advice)
Zlecenie aktywne
Daily heikin closed below TSDT Res.
Transakcja zakończona: osiągnięto poziom stop
Stopped on an intraday candle drive over the TSDT.

Will consider re-entry on daily close
Economic CyclesSupport and ResistancetdsequentialVolatility

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