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Taiwan_Bear
2020年5月15日早上5點00分

BTC counter trend -> short 

Bitcoin / U.S. dollarBitstamp

描述

Unfortunately the price hit the $9,300 target before hitting our buy limit order @ $8,400. Trade was cancelled.

Now, there is a counter-trend short idea on the 4hr timeframe.

A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.

Let me remind you again, the current market condition is the most difficult to trade since 2018. A lot of choppy movements are expected. Thus, please risk manage (please take a look of my educational posts below on risk management if you are yet to read them)

***This idea is only for educational purpose. Not a financial advice***
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Past winning trades: (without leverage)









Educational posts:



Risk management series:
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  • Chapter 1:
  • Chapter 2:
  • Chapter 3:


手動結束交易

If you have waited for a pullback to short, you can consider to close at a small profit, or can move your SL to breakeven.

I have explained the reason in the group.

評論
IlhomR
Good. I'm already shorting ETH.
Taiwan_Bear
@IlhomR, Unless $8400 is violated, the trend is up.

Check tg for my explanations on when I would close this trade manually
IlhomR
@Taiwan_Bear, Noted. Thanks TB!
cuongputer
I have closed the short order following your instructions and I am very pleased with this.
Not because it's right or wrong, but you enlightened me on how to manage orders.
All I can say is, Thanks!
Taiwan_Bear
@cuongputer, :) nice to hear that. thanks bro
ProjectSyndicate
nice harmonic setup, appreciate it.
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