The outer blue circle serves as continuous support for this bearish trade. For best use, keep adding small amounts to the net short position on all arc-touches.
We all know that BTC likes to spike, so accumulating a larger short position incrementally may make this a much less scary trade. The only down-shot is if it breaks the bottom at an earlier point, such that you might not get your whole target position in.
Still, I think the first method will work best in this case.
-RoundishPig
BITBAY:BTCUSDT
BITBAY:BTCUSD
COINBASE:BTCUSD
CRYPTOCAP:TOTAL2
COINBASE:ETHUSD
BITFINEX:ADAUSD
We all know that BTC likes to spike, so accumulating a larger short position incrementally may make this a much less scary trade. The only down-shot is if it breaks the bottom at an earlier point, such that you might not get your whole target position in.
Still, I think the first method will work best in this case.
-RoundishPig
BITBAY:BTCUSDT
BITBAY:BTCUSD
COINBASE:BTCUSD
CRYPTOCAP:TOTAL2
COINBASE:ETHUSD
BITFINEX:ADAUSD
Trade active:
Second thought, this may just break out the bottom for a very fast drop. Would take on some size on the initial entry.
-Pig
-Pig
