Bitcoin might be ranging inside a descending triangle. Let's see the reaction.
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Shorting the ceiling when we get there (22:51)
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Hit the top. Shorting here at 6850. No stop loss. Will monitor the strength of the candle. If too strong will close it.
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Sheeeet. That is why no SL. See what happened.
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Next two 15 minute candles crucial. Depending on that I will decide whether to continue with the trade or not.
Trade closed manually:
The price action is too indecisive for me. I am out at 6869. Entry was 6859 as opposed to 6850 so out for a 0.14% loss.
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For anyone following, it bounced from the bottom of the triangle. Still very indecisive. I am testing my new Bollinger band theory so will post an update on my next position soon.