Bitcoin
Short
Updated

Little short is due

219
Little short to $13'000 level is due. Possibly, the price is decreasing even further; you, just lock in little profits from time to time; big time-life changing trades do not exist unless your name is G. Soros.

Personally, I'm holding a put position with strike $14'000 and expiration 26DEC18, in the hope of opening a put spread, possibly arbitraging a self-financed portfolio (meanwhile, of course, I'm long the underlying).
I'm expecting this guy to flash crash and rebound in the $11'500 level.

ATTENTION: shorting bitcoin is so very dangerous, please use a stop loss.

Trade responsibly.
Note
Typo: I'm holding a put position with expiration 26JAN18.
Note
If it breaks above $16'000 the analysis is invalid

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.