BTC HFT Short - 7.624 -> 7.4/3
Here's a follow-up on last night's pump, glad to get in on those rides but I'm not taking the bait just yet for an extended 8K+ run (will have to break 7.7 with confidence for that). I'm expecting price action to settle a bit towards 7.4 in a wave pattern. From here, riding any dump squeezes could hit a stop at 7.34-.37.
TBD on whether it's a good idea to bite on bull-wick action this late into a pump, will have to watch how it progresses. Likely not, so I'm shorting. Maybe the good 'ole days of "Bitcoin only goes up" are back? That sort of optimism is what I'm hoping for, because that's when I expect 4k btc again lol. What the hell do I know though.
Edit: Watch out for scam wicks in these scenarios, not a good idea to FOMO market-buy north of 7.6, imo.
TBD on whether it's a good idea to bite on bull-wick action this late into a pump, will have to watch how it progresses. Likely not, so I'm shorting. Maybe the good 'ole days of "Bitcoin only goes up" are back? That sort of optimism is what I'm hoping for, because that's when I expect 4k btc again lol. What the hell do I know though.
Edit: Watch out for scam wicks in these scenarios, not a good idea to FOMO market-buy north of 7.6, imo.
Note
Another point: note this short scenario is from any hard moves into mid-7.6's, if 7.6 is gradually conquered, breaking 7.7 for a run to 7.9 is very plausible.Note
Jeff Goldbloom Gif: Well, there it is.Trade closed: target reached
this HFT closed in profit at 7.4 even. Oof, I should close my other short, it's already dumped to my target level lol
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