Bitcoin (BTC) Called previous bottom. Possible top.
Updated
I called for a rally to 3800 when Bitcoin was 3200, you may check out the idea below in the related idea section.
Bitcoin finally took out 4100 stops and is currently consolidating again. I have tried to make two big shorts that both ended up in getting stopped out, mainly because I was impatient and expected a retrace before moving higher, but this price area is such a nice short entry I cannot resist. This is almost an ideal short entry.
4400 would mean another 10% up, which would be a perfect short entry as it liquidates the 10x and hits the SL cluster. If I get stopped out of my 4k short, I will enter again at 4.4k.
Ideal short is 4400, but it looks like BTC may not make it there.
Thanks for viewing! The last two attempts to short ended up in a loss and a break even trade. You may check them out in the related ideas section.
Bitcoin finally took out 4100 stops and is currently consolidating again. I have tried to make two big shorts that both ended up in getting stopped out, mainly because I was impatient and expected a retrace before moving higher, but this price area is such a nice short entry I cannot resist. This is almost an ideal short entry.
4400 would mean another 10% up, which would be a perfect short entry as it liquidates the 10x and hits the SL cluster. If I get stopped out of my 4k short, I will enter again at 4.4k.
Ideal short is 4400, but it looks like BTC may not make it there.
Thanks for viewing! The last two attempts to short ended up in a loss and a break even trade. You may check them out in the related ideas section.
Note
Trade is going well.First major breakdown. I will hold my short
Note
Up 6%.
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