TedyTrading

BTCUSD short trade

Short
BITMEX:XBTUSD.P   Bitcoin
Shorts down by nearly 8% and long up 3%

The green 550USD candle taking us from 5800 to 6300 killed all that shorted from 6010 (20x+leverage)

My prediction is that the candle was for stopping out short trades so we can move more easy down again

A good short trade would be to get in at 6200 and ride it down to 5440.
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