Bitcoin
Short
Updated

I'am trying to use this shorting madness.

204
I will seek shorts around 4050-4080, but trade will be closed when i see blue line touched.
Note
My target for this entry is mainly 3600, but partially i will close little higher when i see some reliable divergences in this moves down.
Note
part of position i had from 4030 (1/3), another 1/3 i get higher @ 4060-80, and rest @ 4110, when divergences tell me so;)
Note
2/3 of this short position has target @ 3750, the rest will be closed after signals from charts
Note
My SL goes of course to entry point @ 4030
Note
As i see double bottoms possibility on 1h (Bitfinex), and on lower timeframes @ 3900 my SL in entry has more reason now:)
Note
TP for 100% of position moved down to 3600. Observing small timeframes for signs of divergences.
Note
Splitting TP in three parts so i set hard TP @ 3770, 3700, 3550
Note
correction last TP level 3650 not 3550
Note
1/3 of position closed manually @ 3783
Note
2/3 of position set to close @ 3700 as i see growing divergence in MACD and CCI vs RSI on 1H chart.
Note
Also setting pending buy order @ 3700 with SL @ 2700 and risk of losing 15% that i have earned in recent uptrend in BTCUSD from breaking 2900-3000 (i sold 80% of my long positions with average 4400USD).
Note
Okay i say pass to the market, i give what i have @4827 closed the rest of short position. I have no trust to this dump:). But pending buy increased to 20% of all my earnings in this trend stays @ 3700, maybe some ending spike give me this position;)
Note
According to this buying dips on BTC, i also will try to rebuy my 25000XEMs stack sold @ 25,5 cents (i put pending buy in Zaif @ 18,66JPY - around 20,5cents).
Note
3730 and bounce argh:)
Note
Okay if so, i put buy order @ 3650, if another wave down will occur i should finally catch it's dip.
Note
Hmm is this end of this dumping or correction only. Pending order removed, now i will observe.
Note
snapshot

As i saw this candles on 30min chart i took short @3940 and now have SL in my entry point. My target is 3640 and in this place i will take long position (buy order awaits)
Note
@ XEMJPY i moved my pending buy order down to 16,66JPY in hope for panic spike.
Note
I will do other thing, as my short position still exists (now 10$ saved it haha), my TPs i spread between 3590-3680 with step of 5$, and the same i do for pending buy orders.
Note
for XEMJPY pending buy orders i set its in range 16,60-17,50 with step 0.05JPY
Note
This market is so annoying as forex, SL in my short entry @ 3940 hited overnight.
Note
If i believe in BTCUSD is going down to 4550-4700 area, i should now set more realistic pending buy order @XEMJPY, so i spread this order in range 21.06-22.01JPY with step 0.05JPY (so 20 orders with whole sum of 25000XEMs if all will be filled i will have good rebuy with average 21,5JPY so around 19,5cents - i sold back in time this stack @ 25,5cents)
Note
I renewed 50% of yesterdays shorts @ 3850 with spreaded target in 3575-3670 area with step 5$. SL is @ 4100 (my yesterdays entry was @ 4040 and was closed in 2/3@ 3827 and in 1/3 @ 3780. I can risk now something that i have earned back in time;)
Note
My pending buy orders are also spreaded in the same area as TPs for my short position.
Note
SL goes for my short here to entry point @ 3850
Note
40% of shorts closed t their TPs, rest closed manually @ 3690
Note
40% of longs taken from pending orders, other as spike up is in play are temporary removed.
Note
The rest of planned longs (60%) taken manually @ 3670
Note
So average of my longs is now 3663$.
Note
and now my all longs closed manually @ 4534
Note
I say farewell to Shitcoin aka Bitcoin:)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.