Shorting crypto is dangerous and usually leads to HONEYITSGONE.
Building a short position here as we are on a downtrend, I expect resistance to reject us. I am using leverage. Therefore, I increased my risk. I have taken note that the bearish cross on the MACD can flip bullish as buy volume strengthens. BB%B shows we widened too much. BB has widened and begins tightening and usually is associated with a big down/up move. I am expecting a potential downward move as far as the Lower BB unless we break the trend.
Best wishes,
HONEYITSGONE!
Building a short position here as we are on a downtrend, I expect resistance to reject us. I am using leverage. Therefore, I increased my risk. I have taken note that the bearish cross on the MACD can flip bullish as buy volume strengthens. BB%B shows we widened too much. BB has widened and begins tightening and usually is associated with a big down/up move. I am expecting a potential downward move as far as the Lower BB unless we break the trend.
Best wishes,
HONEYITSGONE!
Comment:
Bulls coming for my Air Jordans but little do they know I only have Air Force Ones.
Comment:
******* IMPORTANT****
I started building my short position from $3120.00 I may have tapped the undo button by accident because it shows my rectangle start below $3080.
Please see my related ETH idea and you can confirm that I had intentionally planned on shorting around $3120.
Either way I am under water
I started building my short position from $3120.00 I may have tapped the undo button by accident because it shows my rectangle start below $3080.
Please see my related ETH idea and you can confirm that I had intentionally planned on shorting around $3120.
Either way I am under water
Trade closed: stop reached:
I raised my stop to $3457 (was $3415), but this idea is technically invalidated. Therefore, I will close the idea. I am not using leverage, and I responsibly risked the amount I am willing to lose in this position. I am not changing the stop again.
