Exit Pump Visible on Bitcoin - My Thoughts on a short.

Sep 12, 2017

Hello All --

While the RSI and MACD is showing an uptrend here -- we are approaching a major sell off on bitcoin. I have priced in three points to short bitcoin. I will be riding this short up to 5250 at which point I will cut my losses if it keeps going up. I am fairly certain it wont.

Should be a nice short down to 3800, 3500 and maybe 3200 levels. Best of luck. As always use Stop losses. A good strategy is to keep a 10% trailing stop.

Sep 12, 2017

Note

You should short at 4490, 4850, 5300.

Sep 12, 2017

Note

Maybe follow the yellow line.

Sep 12, 2017

Note

Sep 12, 2017

Trade active

Thank you for the nice comments everyone. Markets are showing a bull sentiment, but it makes no sense for it to be bull. There is going to be some buy back for the folks who sold the FUD -- but other than that it doesnt seem like anyone wants to buy bitcoin at this price (yet)

Sep 13, 2017

Note

Down we go! Weeeee

Sep 13, 2017

Trade active

Tasty short -- i think we go sideways not then either more down or pump to a new ATH. Lets see.

Sep 13, 2017

Trade active

Nope .. straight down.

Sep 13, 2017

Trade closed: target reached

MACD and RSI are now screaming buy. It may go further down, but I am out. Enough profits for me. Best of Luck.

Sep 21, 2017

Note

Going back and closing / learning from my idea. How good was this? :D