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Solokov
Jan 25, 2020 1:05 AM

BTC SHORT: Spooky Hypo - Long Drop Cometh? Short

Bitcoin / United States DollarCoinbase

Description

This is part of my mini docu-drama horror series where we all lose our shirts trading bitcoin. Neat!

Short to the gutter? TBD.

Trade active

Riding my short from 8.5k, tbd how far, watching 8.2 closely; wouldn't surprise me to see a bounce to 8.475, ping pong between 8.2 before a collapse to 7.7 with increased dismay breaking support for a further collapse to 7.4-2. Alternatively, a whale could price manipulate pump the socks off my feet, so my stop is set in profit.

Trade closed manually

Trade active

-looking for a short position re-entry after a bounce, I'm long in the very short-term

Trade closed: target reached

Definitely bounced & collapsed lol, looks like this might actually play out.

Comment

This hypo deserves a re-visit.
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