ChartArt
Short

BTCUSD short setup for Feb 25-26. The calm before the storm?

BITFINEX:BTCUSD   Bitcoin / Dollar
Doom before moon. I expect a short lived drop after the price wasn't able to make a bullish breakout beyond the last 241 high neither today and nor this week so far as I expected.

Short target: 235 and down to 233 and lower
Short entry: 238.3 or higher
Stop loss: 239.3
The short setup played out like I expected and I now closed my short:

snapshot
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Wow, that's a very tight trade. Almost impossible to predict movements like that. I would hardly call a move of $3.72 "doom".
+1 Reply
ChartArt MoonTrader
I know it is a tight trade, but I'm 50x short so I have to watch this carefully. And sadly I expect this drop will ruin the entire uptrend we had this month so far (butterfly effect, starting small and then growing).
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ChartArt MoonTrader
"Almost impossible to predict movements like that."

That where the money is, when other people can't predict such movements :)

The price dropped down as expected from $238.72 when I posted the chart and bottomed at $234.89. And 7 hours after my short setup chart played out you posted a bearish chart :)
Waiting for a real breakdown
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You may be right but we are having good traffic here with buyers right now. Three good articles on Bitcoin that could keep it in the green for a little while at least.
+1 Reply
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