Look for short from ~12k to ~9k Short

BITMEX:XBTUSD.P1D

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Feb 19, 2018 7:18 PM

Expecting a bounce off of ~12k. Will look for a safe entry on lower timeframes once we get there.

Log bear trendline
Horiz resistance
VP low volume node
1d cloud

Comment

⋅ Feb 19, 2018 8:38 PM

Update to show potential short entry range.

Comment

⋅ Feb 19, 2018 9:27 PM

Updated to include potential stop runs to be aware of. Might place my buys higher in the range to mitigate this.

Comment

⋅ Feb 19, 2018 9:27 PM

And by buys I mean sells.

Comment

⋅ Feb 21, 2018 6:32 PM

Still holding long.

Comment

⋅ Feb 22, 2018 10:15 AM

Closed long for a good but not great profit. Missed the short opportunity entirely. Awaiting long opportunity now from lower.

Chart Patterns

Comments

darobsta

⋅ Feb 21, 2018 6:53 PM

Hi, what makes you think that we haven't broken down a little before 12k? Wouldn't the the rejection from the bearish trendline (linear, bitfinex) be enough to suppose that we just broke down a little early?

man1232341341

⋅ Feb 20, 2018 2:14 AM

:)))

darobsta

⋅ Feb 19, 2018 10:14 PM

thanks!