Playing on weakness again today.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
91 4
Nothing major hitting the news sector on Bitcoin and I see some weakness in the bulls this morning. Getting in with a short and my exit will be around the $235.50 price area. Sellers are still outnumbering buyers right now also. Will try a meter drop here.

Closed with a slight loss at $237.90, my entry point was $237.18. Not what I expected but this is OK. Bulls came in rather quickly and this turn will not work for me.
hola, just a question - what plantform do you find best to play these mini-shorts ? are you trading on margin? and using Bitfinex, or simply trading coins on an exchange... I would be interested to know, as commissions and speads leave me very unsure of trying these mini moves.. thanks
I do trade currently with Bitfinex. Yes I am trading on Margin but only trading about 5% of my holdings. I am trying to learn just as you are but being a little conservative on my margin as well. So my profit/loss right now is very small. I will change over to Gemini as soon as they are open and by then I will trade a little more aggressively but cautious as well of course. Sometimes these mini moves can make you great profit but need to know your exits otherwise you will get caught with a bad play on your hands. I would rather take a small loss and be able to play again.
+1 Reply
Sprks altcoinbonanza
thanks... interesting to know... I'll check out Geemini too... I heard somthing about bitMex but I haven't looked into it..
I think Gemini will probably be the most professional trading platform for this type of Bitcoin market.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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