BTC short on H4 using MetaWorld Crypto indicator suite

BTC on H4 (4-hour chart) formed a short-term rising trendline, bearish upon break of trend, which it did. Providing additional confluence was the MetaWorld Crypto indicator suite Advanced RSI indicator, which showed RSI at top of RSI Bollinger Band (potential overbought condition). Stochastic RSI also showed above 90 with K crossing D downwards. Entered short position with 5X leverage, a little late to the party (meaning I could have entered earlier), Stop Loss placed above recent resistance level $20,025 and Take Profit set to recent support levels. Will add to the position if Price Action retests the trendline and then continues to fall.

הערה:

Chose to exit trade when bearish momentum did not continue, H1 chart showed long down wick and the price climbed on next candle, exited at $19,537, entry at 19,530.5, minimizing loss to 0.17% or ($0.41) on $250 entry at 5X leverage (positio value $1,250).

הערה:

If you're interested in the MetaWorld Crypto indicator suite, check it out in the link below. This isn't the only indicator suite I've used, just the best.

There's a 7-day no risk trial and if you get in early (be one of the first 500 subscribers) you can lock in 50% off the monthly rate with the link below. I am an affiliate and by using this link you help me continue to provide ideas and alpha. Thank you.

MetaWorld Crypto indicator suite Registration Link:
👉🏼https://www.metaworldcrypto.xyz?deal=metadimensional