Crypt0zTrading
Short

BTC - Breakout Denied T.6k5

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So yeah.. This breakout looks like it will be denied. I'm still ready for the possibility, but this scenario, if resistance is too strong at $9,450...

Extreme target of 6k5. Don't get shaken out if you're crazy enough to go for it...
Trade active: Still fighting our way through 9k5 but it still doesn't look likely. Same "odds" as when I first posted this. need a breakout of 10k to find 9k5 as support I would think.
Trade active: Ok so it's either heading towards 11k5 or 6k5. We shall know over the next few hours. (I still think this is a major psychout)
Comment: Ok so I always suck at timing but we're getting there.
Trade active: Take a deep breath... This may be it.
Trade active: So yeah, I took 90% of my profits. Took 50% losses on my longs. My risk is still well balanced and I'm ok with missing out on going down much more.

Pretty happy with this trade so far but on the off chance support falls through, I still have something in my back pocket if we dip and touch 4k.

Margins still spread broad. 3k5 & 21k. Feeling pretty safe. Takes another deep breath...
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