BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Price action shoes that #Bitcoin failed its last rally and started a down course. It's time to open a short position now to minimize our risk.

The first major support I can see is at 6791.2. Let's watch that level carefully. It can be a point of reversal. But as a #trend follower I always flow with the current direction of the #market.

My initial Stop Loss will be at 8175.

I hope it recovers soon but let's see how deep it will go.
Trade active: Position still open. I added to it a few times. My current Stop Loss is at 7438.
Trade active: This position is still doing fine. I just moved my Stop Loss to 7005.

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