bdadon
Short

Bitcoin, At resistance, so we short.

BITMEX:XBT   Bitcoin / US Dollar Index
Bitcoin is making similar fractals and pumped almost $1000 from the lows.

If bear market is going to continue good place to build a short.

If bull market to follow, then pull back is due for accumulation.

Time shall tell.
Trade active: Dropping as planned. May see move up to the 42-4250 range to make a triangle and then should fail. Moved stopp lower to $4270 range incase bulls come back to push higher. If so, will build short from $4370-4500 range.

Comment: Bitcoin moved as per my original fractal. Got higher orders filled for the short.

Wedge is building as well which would invalidate this fractal and we could see $4500 prices before correction.

Comment:

Trade going well, we should get back to the $4280-320 and then start falling again, it may go higher as BTC does what it wants or continue falling. Have stops in place in case larger triangle brakes upwards.
Going well, down $400 points already, Hold strong. Take partial profits.
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I like this one, very nice job. It’s following the fractal pretty good
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bdadon botje11
@botje11, thanks David.
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