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$BTC Short Setup:
We broke out of the rising channel on the LTF and rejected the previous highs (64.6k) on the retest, which is exactly what I was waiting for to enter a Short.
That said, we still haven't got an LTF structure shift confirmation, which makes this setup a bit risky. Make sure you don't over-risk if you're following this one.
It's still a hedge against the long, and if it gets stopped out, we're likely going to sweep the current high one more time, Where I'll secure some more profits from the long.
We broke out of the rising channel on the LTF and rejected the previous highs (64.6k) on the retest, which is exactly what I was waiting for to enter a Short.
That said, we still haven't got an LTF structure shift confirmation, which makes this setup a bit risky. Make sure you don't over-risk if you're following this one.
It's still a hedge against the long, and if it gets stopped out, we're likely going to sweep the current high one more time, Where I'll secure some more profits from the long.