Xzhi
Short

Bitcoin (BTC) Called previous bottom. Possible top.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I called for a rally to 3800 when Bitcoin was 3200, you may check out the idea below in the related idea section.

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.
Comment: Trade is going well.

First major breakdown. I will hold my short
Comment:

Up 6%.
Thanks for the chart, lost 20% of my capital today trying to short wasting stupidly money because of my low level of trust of this market. As well 70% of total capital lost since the bearish trend. So my question is, do you have a Telegram channel where you post live updates? Appreciate it.
Reply
Xzhi badboypatel
@badboypatel,

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.
Reply
@Xzhi, I know how crazy manipulated it is, been trading it for a year with of only 5% of the overall investment. That's how screwed I am :) Betting on this short that is not going well so far
Reply
rudebio badboypatel
@badboypatel, time to sell at 4000?
Reply
@rudebio, I'm on leverage gambling, sorry "trading".
Reply
@Xzhi, I suppose you are too impatient to short. The market is clearly bullish now in short term and you can make profit on shorts only on very small timeframe like - 5m - 1h
Reply
Xzhi stell_s1
@stell_s1,

Yeah I was aiming for a retrace and planning on buying back in.
Reply
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