A couple guys on twitter who I respect are expecting BTC to consolidate for a while and I think that shorts already got burned at 10k and the next stop is low 9k or even 8k because that would cause max pain. I atleast as a BTC hodler wouldn’t like it at all so thats why it probably will go right there.
I’m putting alot of small bids from 9650-10000 so the average will be around 9750 for my short, or a bit lower if the price doesn’t rise too much from here.
Will keep updating the trade as always.
Ps. I do this solely for the purpose of learning and this is by no means financial advice.
I’m putting alot of small bids from 9650-10000 so the average will be around 9750 for my short, or a bit lower if the price doesn’t rise too much from here.
Will keep updating the trade as always.
Ps. I do this solely for the purpose of learning and this is by no means financial advice.
Trade closed manually:
Kind of missed this trade, just got one of my bids filled at 9700 and decided to take profit here at 9350. Not much but it’s something...
Sentiment is in my opinion still bearish and I don’t wan’t to fight the trend. I’m looking for good short entrys along the way to 9k where I wan’t to be a buyer and I have several bids from 9100 to 8600.
Sentiment is in my opinion still bearish and I don’t wan’t to fight the trend. I’m looking for good short entrys along the way to 9k where I wan’t to be a buyer and I have several bids from 9100 to 8600.