Confluence of resistance on BTC approved by a bearish bat on

27 Mar 2020

stochastic indicator

Hi pros!

confluence is a method used for having an edge on the market (advantage over others traders) based on high probability winning rate

in this case we used 2 types of resistance:
-multiple trendline
-structure resistance

that provide us the best point entry possible for a trend continuation setup


short from here enjoying the opportunity of that point entry being the optimal

aim for 5000 then 3400 then 2000 or less

27 Mar 2020

Not

wait for confirmation in smaller TF before entering

27 Mar 2020

Not

that type of confirmation

27 Mar 2020

Not

this is one of the method I love the most(particularly when it's based on resistance) because I got awesome performance using it over GBPUSD. last time I used it was here



and look what happened next:

27 Mar 2020

Not

IMMEDIATLY

30 Mar 2020

Not

Don't miss the short from here :)

price is below both emas + I draw an horizontal line where there is a gap down acting as a resistance

with SL above emas, it's good