So I just opened a bitcoin short. I think this is a good price for an early entry.
Am anticipating a similar aggressive push down similarly to what we had yesterday around these same prices.
First potential take profit is $56600 but am aiming for at 75% close at $55000
Full close at $54000 give trade plays out. The odds are in my favor because trade aligns with my edge ticking enough boxes.
I'll make follow up updates in the comment.
Stop is above $58551, hopefully its enough based on my calculations.
The move should start now leading into the next few hours
Am anticipating a similar aggressive push down similarly to what we had yesterday around these same prices.
First potential take profit is $56600 but am aiming for at 75% close at $55000
Full close at $54000 give trade plays out. The odds are in my favor because trade aligns with my edge ticking enough boxes.
I'll make follow up updates in the comment.
Stop is above $58551, hopefully its enough based on my calculations.
The move should start now leading into the next few hours
Note
Decided to take 50% profit here.
Rest of tp is set to $54000
Might full close at $55000. Will update here.
Note
Just closed another 50% (25% overall size) of current bitcoin position.
Am anticipating another pullback soon where I'll look to add back and target $54000
Note
Lowered my final tp for bitcoin. Just incase we get a flush drop to $51500 area
Note
Just closed like 80% of the remaining bitcoin short. Am look to get back in again later on. I left a small piece so that I'll get a higher average entry when I do re-enter.
Note
Scaled back into short in this new idea post
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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.