שורט

Bitcoin Setup

מעודכן

I've shorted Bitcoin at 4,360, 88.6% pullback "bearish bat", looking to unwind near 3,490's "bullish bat".

The setup is invalid on a break above the prior high 4,430 so I'll take off 25% to better my entry price on a move lower from here see first target box in chart.

Looking to then get long for a move into or near 5k but will need to see price action near my downside target before committing to a position.

Regards

הערה

Looking further out, if this setup fails to hold under the 4430's I'm going to consider hedging a loss rather than using an outright stop as I would like to see how price reacts near the resistance level shown in the chart for a possible bullish shark setup.

If price rallies through even the top level of that then it's pretty much a straight shot to 5k from there.

הערה

Quick Update;

Still holding short, no hedge, new setup in the chart below. Still 3400's region target.

Because I held through the last rally and I'm "slightly" updating my strategy I needed to cove 40% of my position to better my entry point as my new exit is the last high "4,292" so I covered on the last break of 4,300.

Holding 60% short.

הערה

50-Back Hit.

10% Covered, Stops Moved To Break Even.

50% Left.

Choo Choo

הערה

Eyes on the weekly pivot, do or die for the bulls. #LineInTheSand

הערה

25% covered 25% left

הערה

Only a Daily Close above 3950/4k, retake of the channel will warrant a change of bias for a larger move up.

It's all about follow through and momo, best to stay patient into this bounce and see what the market has for us.

העסקה בוטלה באופן ידני

Closed my last 25% short on the pullback to 4k. Big move up brewing in BTC don't want to miss this train.

Choo Choo

הערה

Going to get interesting from here on

הערה

BTCMarket

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