Bitcoin short play (2 targets)
Updated
Hi guys,
Wanted to share my current short position set up with you. Momentum is still for the bulls right now, therefore i have set my stop losses not to thight. Main indicators used are volume and Stoch RSI (momentum is slightly changing now based on this indicator). In my opinion the first signs of slowdown of this bullish wave are becoming visable. Target 1 should be easy when the momentum shifts. Target 2 should be expected when momentem turns more bearish (erasing the 1 april mystery pump candle). In case history repeats itself (july 2015) we could retest 3200 levels again.
please let me know if you have any feedback.
Cheers!
Wanted to share my current short position set up with you. Momentum is still for the bulls right now, therefore i have set my stop losses not to thight. Main indicators used are volume and Stoch RSI (momentum is slightly changing now based on this indicator). In my opinion the first signs of slowdown of this bullish wave are becoming visable. Target 1 should be easy when the momentum shifts. Target 2 should be expected when momentem turns more bearish (erasing the 1 april mystery pump candle). In case history repeats itself (july 2015) we could retest 3200 levels again.
please let me know if you have any feedback.
Cheers!
Trade active
The wide stop loss trade worked well for this trade (giving the fake out yesterday, to absorb the bullish momentum). Will be interesting to see how the sentiment develops towards the weekend, after last night fake out and drop. This short trade set up is doing really well for now!
Trade active
Next 4-5 days will be interesting!
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