TradingView
ytengra
Mar 27, 2018 8:36 PM

The Big Short Short

Bitcoin / U.S. dollarBitstamp

Description

Short entry : 7239
Main target : 3600
Levels along the way are 6k, 4400-4600 and then 3600.

Comment

Revised main target: 2500

Comment

Short begins at 7325 break on Bitstamp

Trade active

Trade began 7325 break on stamp! Consider taking profit on key levels mentioned and playing the bounces.

Comment

Since we are hovering around 6500 for multiple days, once it breaks 6k will not hold as support, so consider profit taking only at 4400-4700 area.
Comments
Picnic44
omg wow! you're the best.
Box1515
Anything is possible, but $3,600 and $2,500 are both unlikely imho. I would consider $2,500 highly unlikely.
ytengra
@Box1515,
Did the calculation with precision. Once 7240 breaks this trade activates, and then we'll see :) It will not be quick but will take multiple months to get till the bottom. My ultimate bottom is 1100-1200, I wouldnt rule that out either, but I think the last trendline which you can see in the image will hold the price up.
Box1515
@ytengra, I hope you are correct. I always appreciate a good fire sale. :)
ytengra
@Box1515, what say dude? ;)
More