I've been holding a semi perpetual short on Bitcoin
for what seems like forever at this point but I see a possibility strong enough for me to have stopped shorting the corn
and form a new swing strategy. Here we have BTC/USD and its friend, the Weekly 200 MA. No need to explain what you're seeing but in the comments I want to show how the nasty 2014-15 bear market ended. It was the Weekly 200 MA(which can only be seen on BLX
.) So far for this round, BTC
seems to have quite a knee jerk reaction to it. Simply put, Anytime it gets close to the Weekly 200 MA, I will scale in long. Stop loss 3142.