ezpi

BTCUSD / New (temporary) trading range established for swings

ezpi Updated   
KRAKEN:BTCUSD   Bitcoin
Looks like this is the swing trading range now.
I think it will be very temporary.
Suggest only shorting from top of range, as it can fall out the bottom at any time.
Might make for a few good swing trades, maybe we get 2 waves before next movement.

Enjoy!

6779 -> 6690

(As always, each wave typically narrows price range so short/exit accordingly)
Trade active:
Took an extra few shorts at 6762 but will exit 25% of them at bottom of this range, and see if I can swing trade one more time.

Literally seconds after I posted this, there was a big dump....well....$30+ dump in a matter of seconds.....Not huge, but so far biggest candle in the range.
So we might not get another swing to trade, but I think we still will.
Trade closed: target reached:
one wave completed.....round #2!
Trade active:
waiting for next short entry here.
NOTE: DO NOT LONG the wave upwards in a DOWN/BEAR market!
(same as DONT SHORT in an UP/BULL market!)
Order cancelled:
DAMN!
just as I posted it dumped!
maaaaaaaaaan that sucks
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