BCHBTC - Short Fib Play

8 Kas 2018

Premise:
1. A retrace to the OTE will occur in more than 3 candles from now
2. A bearish divergence will appear at or inside the OTE
3. The local trendline support will be broken decisively with volume post entry

Execution:
1. 1:1 entry at 0.0955 and 0.0965 respectively
2. Stop : 0.09816
3. Target 1 (Demand zone locally) : 0.0867
4. Target 2 (Full retrace back to bottom) : 0.0653

Result:
1. A trade of RR 9.84/16.12 : 1 is completed.

8 Kas 2018

Not

Note : you may have to adjust for the difference in the bitmex price and bittrex price.

8 Kas 2018

Not

Bitmex entry :

9 Kas 2018

Not

Candles closing below support. Still not a good short, need a retrace upwards.