Here's a few quick 'n cute doodles why I'm short to 8.9ish, tbd on how it plays out because, hell, it's bitcoin. lol.
Trade active:
So far so gooood. Will be watching 9.2 level closely, as 8.9 might be an overshot.
Stop set in profit.
Stop set in profit.
Comment:
Strong reaction off the approach at 9.2, lowered my stop for more profit in the event of a large pull back up.
Trade closed manually:
Closed low 9.3, looks like enough steam for a slight bounce back up w/ sideways action. Lots of support at 9.2. Very brief HFT long w/ tight stop, looking for another short re-entry.
Trade active:
Doing a reaaally risky long in the interim, as I'm expecting a bounce off high 9.2 back into the original entry zone. Note: I still think the above scenario is the long-term play, so my current long is just a scalp. Looking to short again.
Trade active:
LONG - See Recent posts, staying vigilant that this possibility could play out though.
Trade closed manually:
Note: Long position for bigger picture, Shorting on the short term.