Garson

My Plan for BTC

Garson Updated   
BITMEX:XBTUSD.P   Bitcoin
Currently holding a short from 3983 and I will be using that to cover my entry should i get it wrong, after a few days of reading tweets, watching videos and just feeling the market out. I decided that 3g is the number we might see a good bounce off. This is going to be a bull trap bounce, but still worth taking. I think the bottom is much much lower then people think. Cover yourself, cover your loss.

Learn how to short and buy at the same time and hedge your entrys. If you dont cover yourself you will slowly bleed off your principal till you have fk all left for the bull maket when it start. Its about keeping it down here and not so much about earning it.
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Market Capitalisation is a indicator I also use to help tell me if a move is getting backed up with the cold hard cash.

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But that little rally was a good place to get short and start your hedge for a long entey.
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Long tails tell a trader somthing about the range, people are selling in this range.

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So far my short is in good shape, today I have seen the first flicker of a change but in no way i'm I going to take it, I have closed my buy order and will be using the daily close to judge when the trend has changed. Still Bears

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This is looking like she wants to take a stab the high, buy dips

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Should also note that the higher time frames have yet to confirm,
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This Zone could offer some big rewards but it could also offer a lot of heartbreak if you get it wrong.....Its because of the rewards and that heartbreak I think the next move is going to be a big one. Bullish or Bearish....think about how you are positioned because if you going directionally long on leverage here...even if it hits, it's only a matter of time before your adding to the insurance fund.


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