wogtaz

Potential short for bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Looking for a bounce on bitcoin within the next week hopefully back up into a death cross , where i will be shorting heavily with stops above top trend or high timeframe closes above the 50/200sma's

Targets around $4800-5000
Mar 20
Trade active: Got the bounce , have now started in short , will be adding up to 9400 ish area
Mar 27
Comment: Working to a T .

Bottom trend looking fairly weak , bounces are short lived across the whole crypto market , i can see some fast downward moves coming in the future .
if we hold and bounce i will be adding more short into it , otherwise letting it ride.

you could also draw the bottom trend from the 3k low , which will make the trend line a little lower then the one pictured .
Mar 29
Trade active: The quicker the fall the harder the bounce will be , if it keeps up with this pace i am looking between 4500-5500 to cover , pending on orderbook and price action leading up to it .
Mar 30
Trade active: Taken some off at 6600 , will be adding back on any bounce tho
90% mental 10% charts.

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