BTCUSDT POSSIBLE SHORT SETUP

1 juin

Price needs to go above the POC to mitigate the fair value gap . Three possible short trades with different RR using future liquidity sweeps and fib ratio .To give more confluence and confirm all entries i prefer to see a form of candlestick reversal pattern and/or a candlestick close below the 50EMA

The conservative entry is to let price mitigate the FVG and supply zone then close below POC and 50EMA + MACD & STO(21,5,5,) cross. price must form a long bearish candle with minimal wicks especially the lower wick but you will lose the opportunity to catch a longer RR trade

Invalid if candle closes above the 61.8%


Good LUck

2 juin

Note

Possible first entry on the break of the mother inside bar low

2 juin

Transaction en cours

MACD and STO(21,5,5,) momentum are down and price is below the 50EMA . this is probably just a pullback and an opportunity to enter short again .

3 juin

Ordre annulé

The first setup was weak and a trade was not taken. I was waiting to see a candle with a long upper wick to show bulls rejection but none until it reached the 38.6 fib (lets call it candle " A" ) and MFI had a bearish divergence so i was getting ready to enter once the next candle closes below the low of candle " A " but it did not happens so i decided not to enter a trade .

lets wait and see the other setups

3 juin

Note

Second setup entry reached but MACD and STO are both strong bullish bias , and STO is overbought. An inside bar is formed @ 7:00 UTC (let called it candle "B" ,I will enter short only if we close below the low of candle "B" and either MACD/STO crossed down , and adjust the stoploss to the high of candle "B" at entry then move it to breakeven .

Good LUck

3 juin

Note

Second setup failed again but the price still did not close above the 61.8 fib on the 1h so the third is still valid ,1h MFI+STO are extremely overbought .sell entry is still possible below the low 12:00 and the cross of Both MACD STO . price might reach 70405 before reversing and as an extra confluence a reversal candlestick pattern will be better

4 juin

Trade fermée manuellement

Momentum is down but the price is moving sideways with low volatility

next time