BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
97 6 2
retraced 4h candle - did not even reach the channeltop, bear div             , high price on very thin volume/orderbook.
i don't expect the bull-trendline to hold this. more likely entering the blue channel.

edit: altough i'm just shorting to cover my longs.
st8h8 st8h8
updated/detailed.

snapshot
Reply
st8h8 st8h8
280 holding for now - if uptrend resumes, now should be the moment to open longs.
snapshot
Reply
for instance if u were long since 240s or 260s (but not all-in) and we reach a price-region where we could start a retracement (that shouldn't go below ur long entry!), u open up shorts with ur left tradingbalance/unrealised long-profit. the proportion depends on ur sentiment, market-analysis and ur still open long position. so u don't have to close ur longs if u think we are heading upwards in the near future. when the retracement starts u wait for the settlement to close ur shorts with a profit and have still ur longs open (idealy still with unrealised profit and continuing uptrend).

hopefully this helps! enjoy our ride. (:
Reply
st8h8 st8h8
edit: in case the uptrend is over and market is heading below ur long-entry, u could close the longs and have still a winning short-position open.
Reply
Can you explain shorting to cover longs? Thanks!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out