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

BITFINEX:BTCUSD   Bitcoin / U.S. 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


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).
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 :)
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
The short setup played out like I expected and I now closed my short:

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