Hey Everyone,
so from yesterday
nothing changed. Those who Shorted could made around 2%. Not great, not terrible.
RIGHT NOW , we are around same price as we was yesterday, a bit lower. But we still bearish, with it MIND that we can potentionally go highier, around 46.9k.-47.2k, if it break above it will go to at least 48.2k. So thats around 3% against us. So depending how you risk tolerant, you would considering "exit" trade as Lose, if it break above resistance you "fear" that it could be reversal.
I personally would prefere to see price come around 46.7k to 47.1k and getting refused there to enter Short position at that time, then Right Now, since I believe that there is still quite good chance we rallie up there in present moment, based on mathematical standpoint and ratio.
Therefore, your decision entering trade should be based on your own "risk averse" ratio, if to enter now or wait for later.
With that said, Im staying Bearish for now, and willing to change my opinion if we break above at least 48.2k and close above with confidence.
Gl in your trading.
Joe
so from yesterday
nothing changed. Those who Shorted could made around 2%. Not great, not terrible.
RIGHT NOW , we are around same price as we was yesterday, a bit lower. But we still bearish, with it MIND that we can potentionally go highier, around 46.9k.-47.2k, if it break above it will go to at least 48.2k. So thats around 3% against us. So depending how you risk tolerant, you would considering "exit" trade as Lose, if it break above resistance you "fear" that it could be reversal.
I personally would prefere to see price come around 46.7k to 47.1k and getting refused there to enter Short position at that time, then Right Now, since I believe that there is still quite good chance we rallie up there in present moment, based on mathematical standpoint and ratio.
Therefore, your decision entering trade should be based on your own "risk averse" ratio, if to enter now or wait for later.
With that said, Im staying Bearish for now, and willing to change my opinion if we break above at least 48.2k and close above with confidence.
Gl in your trading.
Joe