vinnycrypto
Short

BTCUSD where to close your short

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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If you followed my last trade, you are now in good profits, I added up to my short position on the breakout of the triangle for quick profits. But now, where should we close this?

I had a target of 3200 on my last trade but we didn't quiet make it there even when I taught it would be a guaranteed fall to the 3250 area.

When you see a strong bounce at an unexpected area, it is always a good idea to take some profits. I took just enough for this trade to be a free trade and decided to wait for a re entry.

Today breakthrough was a perfect opportunity to add to my short and ended up making a quick 2% which was almost the difference with my original target of 3200 and where I ended up taking some profits.

I have now decide to shed the position to guarantee some good profits and planning to see how much more free money I can make with a new target at 3237. Those of you who are still in original trade, I suggest that you move down your stop loss to guarantee yourselves a profit.

I would suggest the 3420 area as your new stop loss which would make you a nice 6% profit.

That is it for today guys. If you like the updates, don't forget to follow me on here and twitter . If you have any questions, feel free to message me or comment and most importantly, trade safe.
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