BigFrenchChicken

BTC to Retest and Fail

Short
BITSTAMP:BTCUSD   Bitcoin
Today's close was interesting. MMs pushed BTC down into the close (ETH as well). This makes me believe they are gamma neutral on puts...but can make money by allowing prices to go lower...and we are 10 days or so from expiration.

Current call...short against the trend line, cover at the low from earlier today.

Also, we had good price action, should have gone into a range and based above the breakdown price...we failed, so we go lower (or at least test those bottoms).
Comment:
LEARNING THESE IDEA FORMATS...SHOULD HAVE PUT WHAT STOPPED THIS IDEA OUT...BREAKING THE RESISTANCE LEVEL.

STILL LEARNING
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