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UnknownUnicorn540299
Nov 16, 2017 9:46 AM

Btc short Short

Bitcoin / U.S. dollarBitstamp

Description

Ref chart for target.
Do you own DD for SL on this setup.

Comment

Just set SL = 7483 (BE). It might get stopped out, but it is also likely that you can get a spike up that makes things difficult. I dont like that it spends so much right under the level. Would be better with just a quick hit and drop.

Order cancelled

Exit at BE. I prefer hit and run trades. Level perhaps too obvious now. Best setups you get on levels that people cannot see yet.

Comment

Hunch was correct. You dont want price to stop and hesitate at a level. Often end up in breaking it.

Comment

Approaching resistance level 7883;
Comments
vaskojovanov
Alright! How did that short workout? At this point I have surrendered to fundamentals. When you have millioners sitting on the sideline and waiting.
UnknownUnicorn540299
@vaskojovanov, As I wrote, I changed SL to BE (Break Even) so it got stopped out with no loss or gain.
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