BrandonJ
Short

Building a short position 410-440

BITSTAMP:BTCUSD   Bitcoin / Dollar
274 4 4
a year ago
Short term bullish .

Medium bearish .
a year ago
Comment: Forgot to add exit around 460 with loss and probably go long.
a year ago
Comment: Filled the rest of my shorts. Averaging 426. I feel I probably was a little too impatient. I could have done a little better, but I'm happy with my position. Always room for improvement.
a year ago
Comment: Wish I had more money to short at 445 when everyone was screaming moon. I'll be holding this position for a while I suspect.
a year ago
Comment: I'm in a decent position for this drop. The problem comes at 400 level. I will most likely cover shorts at this level unless the action completely shoots past and doesn't stop at all. Resistance at 400 will probably make me close all positions and wait patiently in cash. $80 moves are hard to trade. $40 moves are too risky for me.
a year ago
Comment: I closed my 440 shorts @ 421 to decrease my leverage and to improve my overall short position to 429. All of the shorts I entered at 410-425 are now up to 429 and I have more to short around 435-440 if it gets that high on this correction. Also if it breaks 440 and just keeps blasting, I can close with less loss.
a year ago
Comment: Opened some shorts as it retraced. Final position is short average @ 432.54 with a last ask @ 444.99 if it gets up that high.
a year ago
Comment: I got my fill @ 444.99 and have finally averaged 433.67. I'm not sure how I am going to start closing shorts yet.
a year ago
Comment: I'm placing some bids to close my shorts from 400-390.
a year ago
Comment: Final Update. Position Closed. I made around 35% profit even though I butchered the long exit on this last bull pop to 450. This trend was so smooth that I think I can possibly trade a ~$50 move back to the top of the triangle. I'll make a new chart on that short term trade.
oldstout
a year ago
Any nice target to close shorts?
Reply
BrandonJ oldstout
a year ago
snapshot
Reply
BrandonJ BrandonJ
a year ago
This triangle is what I am going with. As it narrows, I will get out of all positions and wait for a decisive break. Look for any walls on the order book around 390-395 at the exchange you use. Park your close right in front. Don't be too greedy. 400 is a very nice target.
+1 Reply
oldstout BrandonJ
a year ago
Thank you for smart reply and good luck :-)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out