UPDATE FROM MY LAST CHART:
I shorted Bitstamp through Bitfinex at $791.1,
then covered 1/2 into the panic around $770.
There's a lot of dip buying activity, and we have
to snap this support at ~760 to get a "real" panic.
If 760's hold, then we could see a short squeeze
back above $900. If it breaks above $790, then I'll
cut my position for breakeven and start to look for
another setup.
I shorted Bitstamp through Bitfinex at $791.1,
then covered 1/2 into the panic around $770.
There's a lot of dip buying activity, and we have
to snap this support at ~760 to get a "real" panic.
If 760's hold, then we could see a short squeeze
back above $900. If it breaks above $790, then I'll
cut my position for breakeven and start to look for
another setup.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.