JoE
Short

Even gravity don't apply to Bitcoin? I just don't buy the story.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone, this is JoE.
I'm going to short this real hard, 3 red boxes are targets I'm aiming for.
BUT, don't get me wrong, I'm bullish on Bitcoin but this has gone way too far from what I expect it to be.
People are overtrading with margin, investing with borrowed money, some people will die on this one for sure.
I am going to short this,but don't even try to charge me with immorality, I'm risking my own money shorting on a fair free market.

Remember, the best time for traders is right after the stairway up, we ride the elevator down.


(entering short position gradually as long momentum fades.)

*THIS IS NOT INVESTMENT ADVICE, YOU ARE RESPONSIBLE FOR YOUR OWN TRADE.
Trade active: Sentiment Extreme + Volume Climax, I think the TOP is near or here.
Trade active: WOW, so far so good.
Trade active: Booking partial profit here. We could get another bull trap before going further down.
Trade active: Here comes the bull trap I was talking about, looking to short again.
Trade closed manually:
Wait until Dec 10, when wall street starts shorting.
+2 Reply
Agree. Top always comes but inmo I think shorting bitcoin is just a bad idea :)
Reply
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