BTC - Short from 59k, with a tight stop 60.5k
Updated
Highly speculative trade, countertrend but payoff could be large if it succeeds.
Would be advisable to move stops quickly to breakeven if the trade plays out over the next 12 hours.
Need to see a solid move below 55k over the next few days, if not then cut and run.
Would be advisable to move stops quickly to breakeven if the trade plays out over the next 12 hours.
Need to see a solid move below 55k over the next few days, if not then cut and run.
Trade closed manually
I see the higher lows and inability to crack lower past 55k, killing the trade.
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