Short

BTC short Hedge Update

By raphavontrader2020

Updated

Btc Update

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Trailing stop 8920 < put on breakeven at 9427 area

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target 8262

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in 8262 re buy back btc and use the profit to buy more ETH

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still need to break below 9200 area to add more short positions!! and If> 9500 I will start to to close my hedge short in BTC. The stop loss of the Hedge is still above 9595 area. If goes there I will stil have problably +3% net in my ETH position long if ETH goes up too!!

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We held very well in this channel, I closed my short in BTC. Holding my ETH
If we measure ETH price in 1 june we are right there, at the same price. Im awaiting to see if BTC drops below 9230 area heavily , but It sees that Dow Jones is reccovering and BTC is matching Dow move, as well ETH

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I just opened a 20% of my capital for short hedge position , looks this opening is pushing lower, 9370< open some

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alert price in 8960 area, we are droppimg quickly, attention now!!

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stops short already with tiny cost, proteccting 50 % of my HODL now!

raphavontrader2020

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