Short on Bitcoin

Bitcoin wants to test the 5400/5450 level again. I have missed my entry point for this short opportunity myself (i was distracted), but if it pulls back to around 5700 (probably 5720) i will go short!
I will make it a bit more risky by adding a trailing stop of 100 points when it nears the first target. I think there is a big chance it will drop out of the consolidation between 5400/5800. Main reason, seems like the whole world is only looking up the last few days. Good Luck


entry short 5700
stop 5820
first target 5450
second target 5100/5000.


P.S. I went short already on 5645, with half of my normal position. when it reaches the 5700 i will add more to my short

Comment:

The other half of this trade has been added

Comment:

second wave down can come any minute now :)

Comment:

I have just added a few shorts to my position at 5635, it's looking good

Comment:

Bitcoin is closing in on the firt target zone, i have lowered the stop for 1/3 of my position (the extra postition i added on 5635) to 5535, i suspect wil will see the 5400 within a few hours, but i could happen much faster. When it will reach the 5400, i will close that 1/3 of my position and lower the stop for the rest to 5610 to ensure some profit. This my goal is 5000/5100 and i think it's worth the risk, good luck

Comment:

Looking good, i closed the 1/3 of my position on 5405.
For the other 2/3 i lowered my stop to 5610 because i think it will go to 5000/5100, around that zone i will cash out my shorts with average 5640