I wanted to give everyone a quick update, about my viewpoint on my BTCUSD Short. BITFINEX:BTCUSD Right now we are trading inside a huge triangle, which will break out very likely in the next 7 days. I am still expecting a drop to 7200, but i don't want to risk more than needed.
The situation, in which we are, is very dangerous. Because of this i placed my Stop-Loss above the orange Wave 2, to minimize the risk in this trade.
Let's see what the next Days have ready for us!
My Trade Setup Short at: 9316$ Profit Targets: 7900$ -> 7200$ Stop-Loss: 9522$