Quick trade

Attention! It is the high risk trade!
XLMBTC playing like hes extremely bullish. So be very careful while shorting it.
The success of the trade also depends on BTCUSD pair.

Seems like it was posted too late.
If you can not get in at 4000, try to jump, when it drops under 3900.
For those who went short at 3900, SL 4000. RR (Risk Reward) ratio 3

Also, I am posting this idea on my additional clear chart with XLMBTC pair on Binance.

Note

Update! Have no clue whats going on.
I can suggest that we should expect massive break out of triangle while BTCUSD will falling. Or something like this. Its hard to

Note

Its hard to make a structural assumption about some future moves for now. But we can expect something like this. Anyway lets wait until some good moves are played and take the right side (bull or bear)

Note

Sorry for splitting the idea. I don't know is it possible to create multi-chart idea on tradingview even with PRO account.

As you can see there are massive Head and Shoulders pattern on 4h chart and tiny head+shoulders on daily on RSI oscillator. So for short term its definitely bearish, but after this pattern played we should expect continuation of the uptrend and massive break out.

Trade closed: target reached

Clear trade.

lj_4b

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

lj_4b