Going for Six in a Row! BTC Short Term Sell Signal
All of our wave indicators are still flashing negative. We took a small profit on our last short term trade and now we are going for 6 in a row ;)
Our short entry was at 9200 with a target of 8200-8500. Once again though since we are so close to the 200 EMA we will keep a close eye. If it breaks the 200 EMA, we will use it as a natural stop.
Our short entry was at 9200 with a target of 8200-8500. Once again though since we are so close to the 200 EMA we will keep a close eye. If it breaks the 200 EMA, we will use it as a natural stop.
עסקה סגורה: הגיע לסטופ:
As I wrote last night because we are hovering around the 200 Daily EMA we kept a tighter stop then usual. After it broke through the EMA BTC went down to 8450, we lowered our stop to protect profits. Once there was a new higher wave, lowered our stop loss just above the wave and then got kicked out at 8750 with a 5% profit.
We are not taking any long positions at the this time and will wait for anther short opportunity.
We are not taking any long positions at the this time and will wait for anther short opportunity.