Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Bearish spinning top, price coming back for a retest - i waited to short it and now it seems like we might get a chance so im publishing this idea. Since this is going to be a fairly crowded trade the goal is to get a short anywhere in between 12800-13300 range and not get stopped on a wick. Target is definitely sub 9k, but taking some off at 10k bounce area is never a bad idea. Fully invalidated at 13700 and higher.
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i think todays daily will be either a bigger spinning top or a straight up hammer with a close far below open. If thats the case, it means sellers from 14k are still present and that we should go lower. remember its always either a new high or a new low.
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waiting for continuation. currently 12800, i dont plan to close until at least 11.7k.
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currently 11.7, closed 50% at 11.2, this trade alone compensated my stupid alt longs. i plan to hold short for sub 10k now. i got rather great entry at 12.9 and now there is no reason to close it above 11k. Will close 35% at 9.8-9.7 and let the rest 15 ride till 8k
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10.6 now, i dont like this slow bleed in the weekends tho. expect a big jump from this candle