SHORT IDEA FOR BITCOIN
Updated
Currently we are at our "Take Profit Zone" between 46.500$ – 48.250$ from our previous "Buy the panic sells"-Long(28.500% – 29.000$).
We try shorting bitcoin arround: 47.000$ – 47.500$ with stop loss above 48.300$. Our first take profit will be 44.500$ and second profit target 41.600$. I will also add more longs at 41.600$~.
We try shorting bitcoin arround: 47.000$ – 47.500$ with stop loss above 48.300$. Our first take profit will be 44.500$ and second profit target 41.600$. I will also add more longs at 41.600$~.
Note
Note
We are currently above the VWAP and trying to push yesterdays average VWAP. Additional we have 2.618 (47.443$) Fibonacci Retracement. I think this resistance is much harder then 42.000$ ~ area.Note
If we hold 42.000$ – 40.600$ as support and break + close clearly the daily candle above 47.000$ then our next target will be 52.000$ ~Note
First take profit(44.500$) got filled. We put our stop loss at 47.000$ in profit because i think its more likely that we pushing new lokal high from here.
Note
Short Hedge stopped out. Anyway our Stop loss was in profit and atleast one take profit got filled and some new longs arround 44.500$.
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