Bitcoin finally took out 4100 stops and is currently consolidating again. I have tried to make two big shorts that both ended up in getting stopped out, mainly because I was impatient and expected a retrace before moving higher, but this price area is such a nice short entry I cannot resist. This is almost an ideal short entry.
4400 would mean another 10% up, which would be a perfect short entry as it liquidates the 10x and hits the SL cluster. If I get stopped out of my 4k short, I will enter again at 4.4k.
Ideal short is 4400, but it looks like BTC may not make it there.
Thanks for viewing! The last two attempts to short ended up in a loss and a break even trade. You may check them out in the related ideas section.
First major breakdown. I will hold my short
Sorry no private telegram.
If it makes you feel better I had a big eth short at 105 and closed for a big loss at 107. This thing is crazy manipulated. They just wait for enough shorts then pump 12% to liquidate all the 10x shorters.
Yeah I was aiming for a retrace and planning on buying back in.