Short on Bitcoin

Oct 17, 2017

Bitcoin wants to test the 5400/5450 level again. I have missed my entry point for this short opportunity myself (i was distracted), but if it pulls back to around 5700 (probably 5720) i will go short!
I will make it a bit more risky by adding a trailing stop of 100 points when it nears the first target. I think there is a big chance it will drop out of the consolidation between 5400/5800. Main reason, seems like the whole world is only looking up the last few days. Good Luck


entry short 5700
stop 5820
first target 5450
second target 5100/5000.


P.S. I went short already on 5645, with half of my normal position. when it reaches the 5700 i will add more to my short

Oct 17, 2017

Note

The other half of this trade has been added

Oct 17, 2017

Note

second wave down can come any minute now :)

Oct 17, 2017

Note

I have just added a few shorts to my position at 5635, it's looking good

Oct 18, 2017

Note

Bitcoin is closing in on the firt target zone, i have lowered the stop for 1/3 of my position (the extra postition i added on 5635) to 5535, i suspect wil will see the 5400 within a few hours, but i could happen much faster. When it will reach the 5400, i will close that 1/3 of my position and lower the stop for the rest to 5610 to ensure some profit. This my goal is 5000/5100 and i think it's worth the risk, good luck

Oct 18, 2017

Note

Looking good, i closed the 1/3 of my position on 5405.
For the other 2/3 i lowered my stop to 5610 because i think it will go to 5000/5100, around that zone i will cash out my shorts with average 5640