Previous try on BTC was a good call, but I remain very cautious about crypto and trading. Don't misunderstand, I'm deeply invested in cryptocurrencies but on blockchain and mining, not really speculating with shitcoins and others stuff.
I somehow needs to open hedging positions considering my mining business, that's why I monitor closely some charts.
I'm seeing a bearish continuation on BTC, that may not stop at current support (6k-ish). Fondamentally I believe it would be healthier for cryptomarket to have another leg down in order to shake for good all fake hands/investors that came up last year.
Then we
Don't take this idea too seriously as I'm just using my forex/commodities strategy to crypto and I didn't backtest too much on these market.
Trade with your own diligence,
GL HF
I somehow needs to open hedging positions considering my mining business, that's why I monitor closely some charts.
I'm seeing a bearish continuation on BTC, that may not stop at current support (6k-ish). Fondamentally I believe it would be healthier for cryptomarket to have another leg down in order to shake for good all fake hands/investors that came up last year.
Then we
Don't take this idea too seriously as I'm just using my forex/commodities strategy to crypto and I didn't backtest too much on these market.
Trade with your own diligence,
GL HF
Comment:
Closed 50%@TP1. SL@BE. Let's see if support is broken or not in the following days.
Comment:
So far support seems to barely hold. It can go either way. I'm holding my short because of mining hedging but if not, I would close it.
Comment:
Nice move from BTC, too early to take position IMHO.
Comment:
Trade closed manually:
I'm closing my short here@8200.
