Even though, Halving is over, and one would suggest to long, I often was too early in my decisions. And often the hype starts after some stop losses have been hit. Also in some chart that show weekend gaps, there is a definite target at around 10K. More sheeple to think it's going up straigt. Another thing I learnt: Gaps close. Yes. But not as quick as everyone would wish for.
Now, the daily fib (red) would at least allow a retracement to the 38.2 level. The hourly blue fib reached the 65 golden pocket and is ready to drop it from there. I feel good when shorting to around 7700-7800. So I did.
Maybe I am wrong, but I was surprised by BTC hard drops before. Why not again? If it takes 5 minutes to drop 2K, but it takes days to get that back, is it really a bullish world? We'll see.
RR 1:3
Entry 9325
S/L 9850
T/P 7800
Now, the daily fib (red) would at least allow a retracement to the 38.2 level. The hourly blue fib reached the 65 golden pocket and is ready to drop it from there. I feel good when shorting to around 7700-7800. So I did.
Maybe I am wrong, but I was surprised by BTC hard drops before. Why not again? If it takes 5 minutes to drop 2K, but it takes days to get that back, is it really a bullish world? We'll see.
RR 1:3
Entry 9325
S/L 9850
T/P 7800
Comment:
Adjusted S/L to RR 1:1
Eat my shorts.