Bear trend continuation - Short BTC 4H
Will look to short 
BTCUSD if price manages to complete a double top at the red arrow. Provides a good risk/reward with a high probability short setup.
Potential reasons for entry:
Outside return could act as resistance
Potential double top (with bearish divergence on RSI)
Top of Bollinger band
Top of the falling wedge pattern
Trend continuation
Stop loss: 1 ATR above outside return. A candle close above the highest point of the outside return would violate the bear trend on the 4H
3:1 reward to risk ratio
Take profit: 1st target will be at the new structure low
BTCUSD if price manages to complete a double top at the red arrow. Provides a good risk/reward with a high probability short setup.Potential reasons for entry:
Outside return could act as resistance
Potential double top (with bearish divergence on RSI)
Top of Bollinger band
Top of the falling wedge pattern
Trend continuation
Stop loss: 1 ATR above outside return. A candle close above the highest point of the outside return would violate the bear trend on the 4H
3:1 reward to risk ratio
Take profit: 1st target will be at the new structure low
İşlem aktif
Down to the 1 hour TF, there is a potential Bat pattern with the D completion at the short zone.
Added confluence to the short trade.
Not
Made a mistake on identifying the pattern. It's suppose to be a bearish Gartley as opposed to bearish Bat pattern.Potential Gartley with D completion at 1.272 fib ext A-B (4487.9 USD)
Not
Emir iptal
Potential Gartley invalidated with C leg violating A.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.