chrisdunntv
Short

Bitcoin Short In Anticipation of BitInstant Panic

BITSTAMP:BTCUSD   Bitcoin / Dollar
1642 16 11
Shorted the technical break of $800 to
see if the BitInstant CEO             arrest news
catalyst can lead to a "true panic".
The $765 level has been holding BTC
up, but this could really sell off if we snap
with volume .

However, I will be quick to cut off this trade
if we don't get immediate follow-through. I
have very little patience to the downside after
waiting so long to take profits on my last short.
I think it will come down some. I will be looking to short it if it takes out the level its established down at 765 area on that chart. Litecoin is getting decimated since its mining pool hack and the USD is strong. All the upthrust I watched on the tape between 817-827 were being sold into as far as I could tell so I remained in the ltcusd shorts I started 2 days ago. Someone look to have been building a decent short position on both BTCUSD & LTCUSD on BTC-E in over night. Volume is starting to pick up some be careful sir and good luck on that one.
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chrisdunntv Kazonomics
2 years ago
Good points man
Reply
ChimbOt PRO
2 years ago
looking swell
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ChimbOt PRO
2 years ago
gotta always love news
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bitferno
2 years ago
Chris, I got in at 782 on the retracement. do you think it will seek the bottom again or am I stuck? Thanks.
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chrisdunntv bitferno
2 years ago
Brotha, I wouldn't chase that low. That's how you get squeezed as a short.
Reply
Fabz89
2 years ago
This news is more irrelevant than the Silk Road one. I can't believe it can trigger a "true" panic sell.
Reply
chrisdunntv Fabz89
2 years ago
I think it was a combination of a "heavy" or weak looking technical chart with people just looking for a reason to sell. As you can see, the price has kind of recovered after the breakdown to my target.
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Parenzo_coiner
2 years ago
great call,spot on,to bad I missed it
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chrisdunntv Parenzo_coiner
2 years ago
thanks, ya it was a very fast trade
Reply
StealthTrader
2 years ago
Great Work
Reply
chrisdunntv StealthTrader
2 years ago
thanks
Reply
forex__H
2 years ago
good
Reply
snow
2 years ago
That was perfect , what is the next target ?
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hello Chris. I like your videos, I watched all of them in youtube and I followed here. I am trading mainly with alt coins since 13th devember 2013 and I am newbie in technical analysis. I need your pro opinion about something that I made today. It is all about this graph - https://www.tradingview.com/e/sxZJXurz/# Do you think that I pointed right support and resistance levels? Do you think I am right about that horizintal triangle corrective wave and the drop after E is because of the type of the chart not because of some random drop? Thank you in advance!
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chrisdunntv aleksandar.todorov.543
2 years ago
ya man, that looks great.
Reply
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