ferradura

rip bitcoin (((

Short
ferradura Updated   
BITFINEX:BTCUSD   Bitcoin
today is a very sad day.
It will be "The day when cryptocurrency depression begins" ((((((
Comment:
roman number is alternative count, arabic is main. But I prefer alternative
Trade active:
i have closed half of my shorts 3840. It is possible to count five waves down. The other shorts i will close at 3550 and 3700. And i will be looking to short again near 4200
Comment:
added 1/4 of short at 4130. I'm not sure is the correction is done or not, but this growth looks like one wave, so I am expecting it will go higher. If the coming wave down will be impuls looking, i'll add more shorts. If it breaks above 4140 i will close shorts and will short higher @4200-4300
Comment:
bulls are still too strong, most likely it will go to 4300
Trade active:
reopen short @ 4150
Trade active:
3600 is most common target wave c=a
3435-3417 fibo retracement
3232 head and shoulders target, and wave 3=1.618 x wave1
Trade active:
i'm not sure what is going on. Closed 1/2 of my position @4070.
Comment:
sell stop @ 4040
sell limit @ 4290
Trade active:
stop loss 4430
Comment:
this trade gave +9% in bitcoins without leverage. Will see what happens next.
Comment:
moved stop to 4340, i think it con go few hundreds upward
Trade closed manually:
long to 4600
Comment:
have no idea what is going on. I have closed long. I need some confirmation.
Trade active:
short again @4320 :)
Comment:
I do so many trades because bitmex fees are so small, for limit orders even negative.
referal link (fees 10% lower for 6 month):
www.bitmex.com/register/h6WlNE
Trade closed: stop reached:
sl @ 4370
enought for today. Tomorrow will be looking for a new short opportunity
Comment:
smth happens. big spikes at several exchanges. I shorted @ 4400 again)))
and already moved sl to 4400
Comment:
Have no idea what will be tomorrow and this week, but im sure in august we will see numbers ~3000 at least. Something is happening. I smell it.
Trade closed manually:
closed @4330
put sell stop @4298
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.