Let's add some classical TA to our chart. We can see that Bitcoin has successfully broke down the trendline and now it is re-testing it.
The reason why I closed my long is the confirmed bearish reversal bar on 4h time frame. This bar has the nice angulation with the Williams Alligator indicator. I am searching for the short trade entry. If I open it now the stop loss is gonna be more than 4%. It means that only 25% of deposit could be used in this trade. I would prefer to wait for the local pump to enter short with better risk to reward.
Best regards, Ivan
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