BTC No Moon Scenario, good short opp to 7.3 and below

Mar 28, 2018

Many bearish indicators and resistance on the 4 hour chart. Any sort of upward momentum seems to be weak, and quickly falls back down. Long term still bullish on market, but I believe we see a large dip, that possibly lasts awhile first. Comments on the chart itself. Only opinions, and not financial advise. DYOR.

Mar 28, 2018

Note

15 min chart now also confirm short entry, as price crosses below the Kijun-Sen on the Ichimoku Cloud indicator. The lagging indicator also shows we are very much overall bearish in the recent timeline

Mar 29, 2018

Trade active

As expected, the support finally broke. I like trailing stop strategy here. Take profits on half if you so choose,or very tight trailing stop on half is my preferred. I like to give a chance to run big. As always, not a financial advice, only my opinion. Enjoy!

Mar 30, 2018

Trade closed: stop reached

Played out as expected, set a trailing stop loss before sleep last night which triggered at 6957. I still believe lower, and may enter a new short, but it would be better to do so on a bounce with strong signals. Always remember, this is not a financial advise, just one dude's very great opinions :-)