Another capitalization on the Short based upon BTC tanking. I used the FIB and channel break out to the bottom to set up this Limit order. I did have to increase the SL by 1% after the sale executed to keep from being stopped out.
@ck112358, IDK, all bets are off until BTC finds it's bottom.
I got stopped out on all setups when BTC headed south again this AM.
Hop7777
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@CharlesAbernathy, thanks. How are you gonna know when BTC finds its bottom?
CharlesAbernathy
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@Hop7777,
If I knew that I would be on my own island with my shit hot fiancee thinking about which country we would be sailing our yacht to.
Ha ha.
The cool part about TradingView is that your mistakes are published for all to see.
All 4 of my trades stopped out when BTC went south.
"Normal" trading conditions would have dictated a retrace to the 35L level. Of course NORMAL trading conditions would not have allowed a run up to 40K.
Go figure.