Not bullish on BTC (yet..?) - Still on a daily short setup

The alt coin markets have been moving nicely, but BTC still is stuck on its short setup. This can of course change, but at the moment we’re still looking short. We’ll have to wait and see what tomorrow candle brings us, we might get triggered short if the breakout level is broken, or the short setup may be invalidated.

4HR

The 4HR triggered long at (1), reinforced position at (2) and got stopped out at (3) with a tiny 1.7% profit. Trading the 4HR chart you should not be in a trade, and either wait for the daily short to trigger, or take the 4HR long breakout (4).

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