If your a more agressive trader and looking to catch some pips then check it out! I have taken 10% of my position here and then will add through 17400...remember this is a risky trade so be cautious and go light! Happy Trading!
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Full short position has been executed. Trade is looking good! Have a good night and manage your risk!
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Guys, trade is in nice profit...I plan to take half my position off the table around 15,200 stamp...We should then see the B wave bounce and reshort into the C wave. I suggest moving stops to break even from here for a risk-free trade. Have a good day.
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Taking 50% profit here..structure is tight with that appears to be a five wave down.
you shouldn't short a soon to be bull run, especially one as unpredictable as bitcoin.
wstchse
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@JonRulz, I've been around the block a couple of times and just because something isn't predictable for one person doesn't mean it's not for another...it's all about risk management and analysis. I hold a fair amount of coin so taking probable hedges makes sense for me. 15k will be tested and that's a very profitable move for me.
JonRulz
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@wstchse, Not saying it wouldn't go bacl to 15200. 17300 was expected to fall off from their. but when bitcoins hot it usually tend to not retest some support lines. should never fight against a bull. but yeah all about risk management, but this would personally would be too risky for me.